Singapore-based DBS Bank has unveiled a suite of tokenized banking services designed to provide enhanced operational efficiency and liquidity management for institutional clients. These services will allow for instantaneous real-time payment settlements backed by the bank's Ethereum Virtual Machine-compatible permissioned blockchain, integrating into its primary payment infrastructure and various payment systems.

DBS aims to harness the strengths of blockchain technology to meet compliance standards while optimizing workflows. According to Lim Soon Chong, "To capture the massive shift of human and corporate activity to on-demand digital services, companies and public sector entities are reimagining their operating models and customer engagement strategies. A new generation of 'always-on' banking services is essential to support this shift and transformation."

The DBS Token Services also includes functionalities like treasury management solutions developed in partnership with Ant Financial, indicating a substantial move towards blockchain integration in their banking services.

Moreover, DBS has plans to explore the potential of smart contracts for digital voucher programs linked with environmental sustainability efforts, as demonstrated in their collaboration with the Hong Kong Monetary Authority’s e-HKD Pilot Program.