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DBS Launches Blockchain-Powered Treasury Tokens Pilot With Ant International for 24/7 Treasury and Liquidity Management

Fintech Finance

DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquidity management solution, in collaboration with Ant International. DBS Treasury Tokens enables Ant International to reduce the settlement of intra-group transactions from potentially days to seconds.

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OCBC and Ant International to Pilot Real-Time Blockchain Solution for Fund Settlements

Fintech News

Melvyn Low Melvyn Low, Head of Global Transaction Banking, OCBC, said, “In this collaboration with Ant International, we will leverage our joint blockchain capabilities to enable faster, seamless multi-currency clearing and settlement for Ant International’s intra-group treasury and liquidity management.

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Waking Banks Up To What SMEs Really Want

PYMNTS

Smaller companies today are trading internationally and are becoming multi-banked businesses with FX needs. This customer segment also expressed a lack of liquidity management services from their banks, too. Why is everybody saying that liquidity [management] is not for the little guys? Cantor added.

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Announced at Singapore FinTech Festival 2024: New Partnerships, Product Launches and Appointments

The Fintech Times

Ant International is also working with StraitsX to enable the efficiency and interoperability of payments made via PBM through the Whale platform, Ant International’s treasury management solution.

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