DBS Partners with Ant for Blockchain-Based Liquidity Management

• A Singaporean bank recently announced its strategic partnership with Ant International. 
• The partnership will help Ant International to actively manage its intragroup liquidity in real-time, 24/7 actively, as per the documents. 
• Earlier this week, TON Network and IntoTheBlock partnered to enhance market data for TON users. 

The popularity of cryptocurrencies and the advancement of the blockchain era have lured multinational banks to invest in the space. Some prominent traditional giants have already explored decentralized possibilities and are still on the course, too. 

In keeping with the latest data, DBS, a Singaporean Bank, released its pilot application of  DBS Treasury Tokens, a modern treasury and liquidity management solution, in partnership with Ant International. 

Ant International will be the first to leverage DBS Treasury Tokens, utilizing the platform to oversee their entities’ treasury and liquidity needs throughout extraordinary markets. 

This partnership draws a sizeable milestone in developing next-generation treasury control answers. 

In line with DBS(dot)com, DBS Treasury Tokens have been developed to revolutionize how organizations manage their treasury and liquidity operations, supplying unheard-of speed, safety, and performance.

Following the pilot’s achievement, DBS and Ant International will continue to refine and beautify the platform, paving the way for a new treasury control technology.

DBS and Ant International collaborate to combine DBS’ permissioned blockchain with Ant International’s Whale platform. This integration empowers Ant International to actively manage its intragroup liquidity in real-time, 24/7 actively, thereby improving workflow performance and visibility.

Major Crypto Patnerships in 2024

On August 09, 2024, Todayq reported that TON Network and IntoTheBlock partnered for enhanced market data. The partnership aims to boost user engagement, retention rate, and network transparency with a detailed analysis of the TON network.

Following the collaboration, the TON users can leverage 60 indicators, providing in-depth analysis and helping improve trading. 

As per information on August 07, 2024, Ripple announced its collaboration with DIFC Innovation; the partnership is majorly backed by the fueling interest of crypto moguls in the UAE. 

The collaboration directed a significant shift in the XRP user base; Ripple has reportedly funded over 150 teams working on the XRPL in 47 countries.

One of the most prominent banks, Deutsche Bank and Bitpanda, has announced its strategic partnership to facilitate its users’ in crypto services in Germany.

In Q2, 2024, TeleportDAO and Leather BTC came together to enhance its wallet experience. The company offers hard wallet support, which includes privacy and security support.

Crypto Market Price Alert

As per the data from TradingView, the global crypto market capitalization surged over 80% in the past 365 days; however, in the past three months, a steep decline of 5.90% is seen; at press time, it was $2.1 Trillion. 

Since the approval of Bitcoin spot ETFs, the price of BTC has shown an impressive growth of 40% in YTD (year to date). As of writing, BTC is trading above 20, 50, and 100-day EMA (exponential moving average) and below 200-day EMA.