Crypto Innovation in Asia: Worldcoin and DBS Lead the Charge
As Asia continues to emerge as a hub for crypto innovation, significant developments are taking place across the region. Worldcoin is establishing a strong foothold in Malaysia through strategic partnerships, while Singapore’s DBS Bank is pioneering new solutions in financial management with its pilot launch of Treasury Tokens. These advancements, alongside others in the region, highlight Asia’s growing influence in the global crypto arena.
DBS Bank Revolutionizes Liquidity Management with Treasury Tokens
On August 13, DBS, Singapore’s largest private bank, introduced DBS Treasury Tokens, a treasury and liquidity management solution developed in collaboration with Ant International. This initiative allows Ant International to manage multi-currency treasury operations on DBS’s permissioned blockchain. Moreover, it enables instant settlement and enhanced liquidity management across various markets.
Blockchain Integration for Enhanced Operations
Integrated with Ant International’s Whale platform, DBS’s blockchain facilitates 24/7 intragroup liquidity management, streamlining workflows and improving visibility. The platform uses blockchain technology, encryption, and AI to optimize fund movements between bank accounts, reducing settlement times from days to seconds.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.