{"id":140063,"date":"2024-10-18T17:30:25","date_gmt":"2024-10-18T14:30:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140063"},"modified":"2024-10-18T16:57:11","modified_gmt":"2024-10-18T13:57:11","slug":"singapores-biggest-bank-introduces-blockchain-based-payment-services","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/singapores-biggest-bank-introduces-blockchain-based-payment-services\/","title":{"rendered":"Singapore&#8217;s Biggest Bank Introduces Blockchain-Based Payment Services"},"content":{"rendered":"<p>The new offering, called DBS Token Services, allows for real-time payment settlements using blockchain technology, marking an important expansion into the space.<\/p>\n<p>The bank is also integrating smart contracts to enhance security and transparency, providing institutions with predefined conditions for fund management. This initiative follows DBS\u2019s earlier move this year when it tested a treasury token pilot, signaling its commitment to exploring blockchain\u2019s potential.<\/p>\n<p>The past year has seen substantial growth in institutional interest in crypto, with major players like BlackRock and Fidelity embracing digital assets in 2024. Now, DBS is advancing this trend by introducing blockchain services that enable secure, permissioned transactions. According to the bank, using a controlled blockchain network helps ensure compliance while leveraging the benefits of the technology.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/goldman-sachs-anticipates-fed-rate-cuts-raising-questions-for-crypto-investors\/\" title=\"Goldman Sachs Anticipates Fed Rate Cuts, Raising Questions for Crypto Investors\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/goldman-sachs-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Goldman Sachs Anticipates Fed Rate Cuts, Raising Questions for Crypto Investors<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Lim Soon Chong, DBS\u2019s head of global transaction services, emphasized the importance of adapting to the growing demand for digital services. He noted that the shift is crucial for providing a seamless, always-on banking experience supported by evolving technology.<\/p>\n<p><em><strong><a href=\"https:\/\/cointelegraph.com\/news\/dbs-rolls-out-blockchain-based-banking-for-institutions\" target=\"_blank\" rel=\"nofollow\">Source<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a significant step for the digital finance sector, Singapore&#8217;s largest bank, DBS, has launched blockchain-based banking services aimed at institutional clients.<\/p>\n","protected":false},"author":9,"featured_media":33010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23,28],"tags":[],"class_list":["post-140063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-fintech"],"acf":[],"yoast_head":"<!-- This site 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