Overview
DBS Bank is Singapore’s largest bank and a pilot participant in swift-cooperative’s blockchain-based ledger for tokenized-deposits.
Recent Developments
- 2026-09-10: Completed first live SGD interbank transactions with ocbc and uob on Swift’s ledger (2026-09-14-singapore-banks-swift-dbs-primary)
- Rachel Chew (Group COO, Co-Head Digital Assets): pilots prove 24/7 USD and SGD payments including weekends
- Building digital asset ecosystem since 2021; part of July 2026 Swift 17-bank readiness cohort