DBS Bank Initiates Treasury Token Pilot with Ant International for 24/7 Treasury and Liquidity Management

The project will run on DBS' permissioned blockchain, allowing Ant to utilize the digital token to achieve instant, multi-currency treasury and liquidity management.

DBS has launched a treasury token pilot with Ant International, a global provider of technology solutions for treasury management, to enable 24/7 treasury and liquidity management.

The project will be conducted on DBS' permissioned blockchain, allowing Ant to use the digital token for instant, multi-currency treasury, and liquidity management. DBS' permissioned blockchain is compatible with the Ethereum Virtual Machine (EVM), enhancing the extensibility and interoperability of DBS' payment systems with diverse industry infrastructures.

Furthermore, DBS' blockchain will be integrated with Ant's Whale platform, a global treasury management solution that leverages blockchain and AI to enhance the transparency of fund transfers. This integration will enable Ant to manage liquidity around the clock, seven days a week.

The treasury token will enable large corporations like Ant to reduce the settlement time of intragroup transactions from days to seconds, providing treasurers with greater visibility, predictability, and control over cash positions across different entities.

"DBS Treasury Tokens and our partnership with Ant International demonstrates how corporates can seize such opportunities with full confidence that their liquidity management capabilities can scale in tandem," said Lim Soon Chong, Group Head of Global Transaction Services, DBS Bank.

"DBS’ permissioned blockchain also forms the building block for new efficiencies and capabilities in traditional banking services, such as programmable, fractionalised and atomic value transfer.”

DBS Treasury Tokens is an evolution of the bank's multi-year participation in the Monetary Authority of Singapore (MAS)-led Project Orchid and Project Guardian to test tokenisation.

Launched in 2022, Project Guardian brings together public and private sector players to develop a framework for issuing and trading digital tokens representing traditional assets like bonds and securities.

Ant is also participating in Project Guardian, developing a treasury management solution that will enable real-time multi-currency clearing and settlement, supporting over 40 currencies.

In related news, credit rating agency Moody's recently announced its participation in the Monetary Authority of Singapore's (MAS) Project Guardian, a collaborative initiative to explore the potential of asset tokenization in financial markets.

Moody's involvement specifically focuses on the fixed income workstream of Project Guardian. The company will use its expertise to provide risk analysis for tokenized fixed income products. This analysis could cover a broad spectrum of assets, including traditional fixed-income securities, fund units, stablecoins, and even tokenized versions of bank deposits, as stated by Moody's in the announcement.

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