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DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquiditymanagement 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.
The new Embedded Finance segment deepens Ant International’s ecosystem by offering a rich array of FX, treasurymanagement, inclusive lending and other AI-powered fintech solutions to clients and partners across the other three main businesses.
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 treasurymanagement solution.
Smaller companies today are trading internationally and are becoming multi-banked businesses with FX needs. This customer segment also expressed a lack of liquiditymanagement services from their banks, too. Why is everybody saying that liquidity [management] is not for the little guys? Cantor added.
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 liquiditymanagement.
Finmo, a treasurymanagement and payments platform, has secured US$18.5 The company provides a unified Treasury Operating System (TOS) that streamlines financial operations, automates treasury processes, optimises liquiditymanagement, and enhances financial decision-making and liquidity optimisation.
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