To Trade Foreign Exchange And State Securities, Singaporean Bank DBS Uses DeFi

For a project funded by Singapore’s central bank, DBS Bank, a significant financial services organization in Asia, is using decentralized finance (DeFi). DBS said on Nov. 2 that it has begun a trading test of foreign currency (FX) and government securities utilizing permissioned, or private, DeFi liquidity pools. The initiative is a component of Project Guardian, a pioneering cross-industry collaboration led by the Monetary Authority of Singapore (MAS)

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