DBS Bank ha probado la tecnología Blockchain para transacciones de Forex
- El prestamista más grande del sudeste asiático, DBS Bank, ha probado el comercio de divisas y valores gubernamentales utilizando fondos de liquidez de finanzas descentralizadas (DeFi) autorizados en una cadena de bloques pública,
- The testing was done in collaboration with known players in the financial industry, and DBS Bank Ltd., JP Morgan, and SBI Digital Asset Holdings worked together under Singapore’s Project Guardian.
- Project Guardian is an innitiative between Singapore’s government and the city-state’s financial industry and its goal is to explore the benefits associated with the integration of blockchain technology
DBS Bank, one of the biggest names in the banking industry, and the largest lender in Southeast Asia, has confirmed that it was among the first few banks to test the trading of foreign exchange and government securities using permissioned decentralized finance (DeFi) liquidity pools on a public blockchain as a part of Singapore’s Project Guardian.
El banco DBS con sede en Singapur también agregó que las operaciones bajo Project Guardian se probaron para explorar y probar los desarrollos de tecnología financiera en la ciudad estado utilizando nuevas tecnologías como blockchain y finanzas descentralizadas (DeFi). De acuerdo a un reporte, las transacciones consistieron en la compra y venta de valores del gobierno de Singapur tokenizados junto con el dólar de Singapur, los bonos del gobierno de Japón y el yen japonés.
Project Guardian is an innitiative between Singapore’s government and the city-state’s financial industry and its goal is to explore the benefits associated with the integration of blockchain technology in the traditional finance industry with the help of asset tokenization and DeFi. Moreover, the project also aims to reduce the risks to financial stability and integrity while carrying out this task.
“This test trade has demonstrated that by harnessing the power of blockchain, the standards by which financial institutions currently deal with each other can be transformed and reimagined for greater efficiency and transparency,” said Han Kwee Juan, group head of strategy and planning, at DBS.
Además, también es crucial tener en cuenta que la prueba se realizó en colaboración con jugadores conocidos en la industria financiera, y DBS Bank Ltd., JP Morgan y SBI Digital Asset Holdings trabajaron juntos en esta nueva empresa. La prueba involucró la creación de un grupo de liquidez autorizado que comprende bonos y depósitos tokenizados.
This venture from the financial giants comes at a time when the financial regulator of the city-state, the Monetary Authority of Singapore (MAS), aims to lead the global crypto industry with blockchain adoption and regulation of digital assets. However, the regulator is also taking measures to prevent financial disasters like Do Kwon’s Terra ecosystem collapse.
Según Han, la negociación en un grupo de liquidez autorizado proporcionó el beneficio de la negociación, liquidación, compensación y custodia instantáneas simultáneamente, lo que resuelve varios problemas relacionados con las finanzas tradicionales al reducir la fricción y minimizar los riesgos. Además, DBS Bank cree que la integración de la tecnología blockchain podría transformar los procesos comerciales actuales.
“A highly liquid market attracts more investors and achieves efficiency gains by bypassing intermediaries,” Han said in the statement.
Furthermore, in a statement, Sopnendu Mohanty, Chief FinTech Officer at MAS, stated that the live pilots “demonstrate that with the appropriate guardrails in place, digital assets and decentralized finance have the potential to transform capital markets.”