DBS Bank, a prominent Asian financial services corporation, is using decentralized finance (DeFi) for a program organized by Singapore’s central bank. According to a Nov. 2 press release from the company, DBS has begun a trading experiment of state securities and foreign exchange (FX) utilizing authorized DeFi liquidity pools. DBS To Employ DeFi Protocol Project Guardian, a cross-industry cooperative initiative led by the Monetary Authority of Singapore (MAS), is responsible for the creation. The exchange, which took place on a public blockchain, featured the buying and selling of Singapore dollars (SGD), tokenized Singapore government securities (SGS), Japanese government bonds, and The post DBS Singapore Employs DeFi to Trade FX and Government Securities appeared first on Cryptoknowmics-Crypto News and Media Platform.
