DBS introduces token services with smart contracts for transaction customers
It uses DBS's permission-based blockchain compatible with the Ethereum Virtual Machine
The company has launched DBS Token Services, which integrates tokenization and smart contract capabilities for its transaction banking clients.
DBS Token Services offers instant and round-the-clock real-time payment processing via blockchain. It uses DBS's permission-based blockchain, which is compatible with Ethereum Virtual Machine.
The smart contracts enable institutions to regulate the use of funds programmably and according to predefined conditions.
Source: https://sbr.com.sg/