DBS Bank introduces token services for institutional clients

DBS Bank in Singapore has rolled out DBS Token Services, offering institutional clients access to tokenisation and smart contract capabilities.

The new service integrates with an EVM-compatible blockchain, aiming to enhance liquidity management and streamline operational workflows for corporate treasurers and public sector entities.

According to DBS, the tokenisation service allows institutions to program new solutions using the bank’s existing "Treasury Tokens" system.

"By leveraging tokenization and smart contract capabilities, DBS Token Services enables companies and public sector entities to optimize liquidity management, streamline operational workflows, and unlock new opportunities for engagement," said Lim Soon Chong, Group Head of Global Transaction Services at DBS.

While this new feature is available only to institutional clients, no further details have been announced regarding a potential rollout for individual customers.

DBS has previously ventured into the cryptocurrency space by introducing crypto trading services to select high-net-worth clients and conducting trials in blockchain-related areas.

The move signals a continued push toward integrating blockchain technology into traditional banking systems.

With the introduction of DBS Token Services, the bank aims to provide practical applications of blockchain technology, potentially influencing how other financial entities approach tokenisation and smart contracts.