The latest technology news in the wealth management sector from around the world.

DBS
DBS has launched a suite of bank services that integrate tokenization and smart contract-enabled capabilities with its established bank services.

The Singapore-headquartered lender intends to harness blockchain tech for offerings such as 24/7 real-time settlement of payments. 

The new offering is called DBS Token Services. It integrates the bank’s Ethereum Virtual Machine-compatible permissioned blockchain and its core payment engine and industry payment infrastructures.

Blockchain tech, most famously associated with cryptocurrencies such as bitcoin, and smart contracts such as Ethereum, has for years been examined by banks seeking ways to make their systems more efficient and flexible. With the adoption by banks such as DBS, this tech has become part of the financial sector mainstream.