DBS Bank Completes Intraday Purchase Transaction on A Blockchain-Based Network
DBS bank, the largest lender in Southeast Asia, is located in Singapore. It claims to be Asia’s first bank to perform an intraday buyback transaction using a blockchain-based network. JPMorgan’s intraday purchase application on Onyx Digital Assets allowed the transaction to be closed. This allows for instantaneous settlements, and transaction maturities within hours.