DBS Bank has partnered with digital payments provider Ant International to launch a new blockchain-based fund and liquidity management solution. DBS Bank today announced the pilot launch of the DBS Treasury Tokens pilot project, which Ant International will use for instant multi-currency fund management and liquidity management. The new DBS Treasury Tokens that Ant International will use exist on a DBS-licensed blockchain for...
The article states that it is necessary to strengthen the contact and cooperation with the economies that are our country's main economic and trade partners, the economies that have the need to reduce dependence on other major currencies, and the economies that have the need for currency diversification in international transaction valuation and settlement and foreign exchange reserves.