Crypto Innovation in Asia: Worldcoin and DBS Lead the Charge

Sunday, 18 August 2024, 10:00

Crypto innovation in Asia is gaining momentum as Worldcoin expands in Malaysia and DBS Bank pilots Treasury Tokens. These initiatives showcase Asia's growing influence in the global crypto ecosystem. Worldcoin's strategic partnerships pave the way for expansion, while DBS Bank’s treasury management revolutionizes liquidity processes through cutting-edge technology.
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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.


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