Deployments · platform by DBS
DBS Token ServicesUpdated 7 Nov 2026
DBS's tokenised deposit services for institutional clients, running on the bank's own EVM-compatible permissioned blockchain linked to its core payment engine. Treasury Tokens move money between a client's entities in seconds; Conditional Payments attach smart-contract rules to funds; Programmable Rewards issues digital vouchers. Ant International was the first Treasury Tokens client. In November 2025 DBS and J.P. Morgan's Kinexys began work on a framework to let their tokenised deposits move between the two banks.
Live (limited) since 18 Oct 2024[1] — Live for DBS institutional clients; no volumes or client counts published. · Reviewed 13d ago
- Assets
- Networks
Participants
- DBSPlatform provider, Operator, Issuer, Custodian[1][6]Singapore
- Ant InternationalClient or user[1][5]Singapore
- J.P. MorganCounterparty[3]United States
- Enterprise SingaporeClient or user[1]Singapore
- Singapore Fintech AssociationClient or user[1]Singapore
- DBS institutional clients; only Ant International is named.[3]
Moves across networks
- viaDBS–Kinexys tokenised deposit interoperability framework[3]In development with Kinexys; no transfer reported.
Metrics
- ~S$10bnTokenised payments handled over two years · as of Aug 2026context[4]DBS-wide tokenised payments; the article does not name Token Services or give the period's dates, so shown as context and not counted.
Timeline
- Happened 11 Nov 2025 · Announcement · recorded 11 Oct 2026DBS and Kinexys by J.P. Morgan start building a framework for exchanging and settling tokenised deposits between their two ecosystems, on public and permissioned chains.[3]
- Happened 18 Oct 2024 · Launch · recorded 11 Oct 2026DBS launches Token Services for institutions, combining tokenised deposits with smart contracts.[1]
- Happened Aug 2024 (month only) · First transaction · recorded 11 Oct 2026Treasury Tokens pilot with Ant International begins for intra-group transfers.[2]
Sources
- [1]DBS rolls out blockchain-powered banking for institutions with DBS Token Services — DBS, 18 Oct 2024. Accessed 11 Oct 2026.B
- [2]Singapore's biggest bank DBS introduces 'Token Services' to enable blockchain-based banking — The Block, Oct 2024. Accessed 11 Oct 2026.C
- [3]DBS and Kinexys by J.P. Morgan to develop framework for interbank tokenised deposit transfers across multiple blockchains — DBS, 11 Nov 2025. Accessed 11 Oct 2026.B
- [4]DBS Steps Up Investment as Tokenised Payments Reach S$10 Billion Over Two Years — Fintech News Singapore, 24 Aug 2026. Accessed 15 Oct 2026. Figure unattributed in the article; it links The Business Times for related remarks by DBS's Lim Soon Chong..C
- [5]Institutional Banking | DBS Bank — DBS. Accessed 7 Nov 2026.B
- [6]DBS Token Services · Suit Up — Suit Up. Accessed 7 Nov 2026.C
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