{"id":11907,"date":"2024-10-18T19:09:10","date_gmt":"2024-10-18T19:09:10","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=11907"},"modified":"2024-10-18T16:09:21","modified_gmt":"2024-10-18T16:09:21","slug":"dbs-bank-launches-blockchain-based-banking-services","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/","title":{"rendered":"DBS Bank Launches Blockchain-Based Banking Services"},"content":{"rendered":"\n<p>In a significant development for the digital asset sector, DBS Bank, the largest bank in Singapore, has officially launched blockchain-based banking services for its institutional clients. The new offering, called DBS Token Services, enables real-time payment settlements on a blockchain platform. This move underscores DBS\u2019s growing commitment to leveraging blockchain technology for secure and transparent financial services.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Real-Time Settlements and Smart Contracts<\/h3>\n\n\n\n<p>DBS Token Services will allow institutional clients to execute real-time payment settlements using blockchain technology. The bank also plans to implement smart contracts to enhance both security and transparency in transactions. These contracts will be used to govern funds under pre-set conditions, ensuring greater control and accountability for institutional users.<\/p>\n\n\n\n<p>By using a permissioned blockchain, DBS retains full oversight of these services, maintaining the benefits of blockchain&#8217;s decentralized structure while ensuring compliance with regulatory and security standards. This marks yet another strategic venture into blockchain for DBS, following the introduction of a treasury token pilot earlier in the year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Institutional Adoption of Crypto Grows<\/h3>\n\n\n\n<p>DBS\u2019s move is part of a broader trend of institutional adoption of cryptocurrency and blockchain technologies. In 2024, asset management giants like BlackRock and Fidelity embraced crypto, contributing to a shift in how these digital assets are perceived in the financial world. DBS\u2019s latest rollout is further evidence of blockchain\u2019s growing role in mainstream banking.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Expanding Crypto Offerings<\/h3>\n\n\n\n<p>In addition to the launch of DBS Token Services, DBS Bank has also been exploring other blockchain initiatives, including a Digital Yuan payment tool. These efforts reflect the bank&#8217;s commitment to staying at the forefront of digital finance and catering to the evolving needs of its institutional clients.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a significant development for the digital asset sector, DBS Bank, the largest bank in Singapore, has officially launched blockchain-based banking services for its institutional clients. The new offering, called DBS Token Services, enables real-time payment settlements on a blockchain platform. This move underscores DBS\u2019s growing commitment to leveraging blockchain technology for secure and transparent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":1255,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-11907","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DBS Bank Launches Blockchain-Based Banking Services<\/title>\n<meta name=\"description\" content=\"In a significant development for the digital asset sector, DBS Bank, the largest bank in Singapore, has officially launched blockchain-based banking\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DBS Bank Launches Blockchain-Based Banking Services\" \/>\n<meta property=\"og:description\" content=\"In a significant development for the digital asset sector, DBS Bank, the largest bank in Singapore, has officially launched blockchain-based banking\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-18T19:09:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/dbs.jpg?fit=1280%2C720&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Raj Sharma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Raj Sharma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/\"},\"author\":{\"name\":\"Raj Sharma\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/bbfe4a2efa58e681b4208612112f3149\"},\"headline\":\"DBS Bank Launches Blockchain-Based Banking Services\",\"datePublished\":\"2024-10-18T19:09:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/\"},\"wordCount\":283,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/dbs.jpg\",\"articleSection\":[\"Blockchain\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/\",\"name\":\"DBS Bank Launches Blockchain-Based Banking Services\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/dbs.jpg\",\"datePublished\":\"2024-10-18T19:09:10+00:00\",\"description\":\"In a significant development for the digital asset sector, DBS Bank, the largest bank in Singapore, has officially launched blockchain-based banking\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#primaryimage\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/dbs.jpg\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/dbs.jpg\",\"width\":1280,\"height\":720,\"caption\":\"dbs bank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cryptometer.io\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DBS Bank Launches Blockchain-Based Banking Services\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"name\":\"CryptoMeter.io\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"alternateName\":\"CryptoMeter.io\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\",\"name\":\"CryptoMeter.io\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"CryptoMeter.io\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CryptoMeterIO\"],\"publishingPrinciples\":\"https:\/\/www.cryptometer.io\/news\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/bbfe4a2efa58e681b4208612112f3149\",\"name\":\"Raj Sharma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png\",\"caption\":\"Raj Sharma\"},\"description\":\"I have been involved in the blockchain industry for over 5 years and have an extensive understanding of the technology. My career in cryptocurrency started with writing articles about blockchain technology and its use cases for various publications.\",\"url\":\"https:\/\/www.cryptometer.io\/news\/author\/rajsharma\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"DBS Bank Launches Blockchain-Based Banking Services","description":"In a significant development for the digital asset sector, DBS Bank, the largest bank in Singapore, has officially launched blockchain-based banking","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/","og_locale":"en_US","og_type":"article","og_title":"DBS Bank Launches Blockchain-Based Banking Services","og_description":"In a significant development for the digital asset sector, DBS Bank, the largest bank in Singapore, has officially launched blockchain-based banking","og_url":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/","og_site_name":"CryptoMeter.io","article_published_time":"2024-10-18T19:09:10+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/dbs.jpg?fit=1280%2C720&ssl=1","type":"image\/jpeg"}],"author":"Raj Sharma","twitter_card":"summary_large_image","twitter_creator":"@CryptoMeterIO","twitter_site":"@CryptoMeterIO","twitter_misc":{"Written by":"Raj Sharma","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#article","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/"},"author":{"name":"Raj Sharma","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/bbfe4a2efa58e681b4208612112f3149"},"headline":"DBS Bank Launches Blockchain-Based Banking Services","datePublished":"2024-10-18T19:09:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/"},"wordCount":283,"publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/dbs.jpg","articleSection":["Blockchain"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/","url":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/","name":"DBS Bank Launches Blockchain-Based Banking Services","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#primaryimage"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/dbs.jpg","datePublished":"2024-10-18T19:09:10+00:00","description":"In a significant development for the digital asset sector, DBS Bank, the largest bank in Singapore, has officially launched blockchain-based banking","breadcrumb":{"@id":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#primaryimage","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/dbs.jpg","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/dbs.jpg","width":1280,"height":720,"caption":"dbs bank"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cryptometer.io\/news\/dbs-bank-launches-blockchain-based-banking-services\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cryptometer.io\/news\/"},{"@type":"ListItem","position":2,"name":"DBS Bank Launches Blockchain-Based Banking Services"}]},{"@type":"WebSite","@id":"https:\/\/www.cryptometer.io\/news\/#website","url":"https:\/\/www.cryptometer.io\/news\/","name":"CryptoMeter.io","description":"","publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"alternateName":"CryptoMeter.io","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cryptometer.io\/news\/#organization","name":"CryptoMeter.io","url":"https:\/\/www.cryptometer.io\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"CryptoMeter.io"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CryptoMeterIO"],"publishingPrinciples":"https:\/\/www.cryptometer.io\/news\/about-us\/"},{"@type":"Person","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/bbfe4a2efa58e681b4208612112f3149","name":"Raj Sharma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-2-96x96.png","caption":"Raj Sharma"},"description":"I have been involved in the blockchain industry for over 5 years and have an extensive understanding of the technology. My career in cryptocurrency started with writing articles about blockchain technology and its use cases for various publications.","url":"https:\/\/www.cryptometer.io\/news\/author\/rajsharma\/"}]}},"jetpack_featured_media_url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/dbs.jpg","_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/11907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=11907"}],"version-history":[{"count":2,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/11907\/revisions"}],"predecessor-version":[{"id":11909,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/11907\/revisions\/11909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/1255"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=11907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=11907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=11907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}