Internet reports that Singapore DBS Bank has launched a new service called "DBS Token Services." The new banking product combines the functions of tokenization and smart contract support with its existing banking services. According to the statement, the DBS token service integrates the bank's licensed blockchain compatible with the Ethereum virtual machine, its core payment engine and multiple industry payment infrastructure. In addition, smart contracts allow institutions to programmatically manage the use of funds. Specifically, the new services include treasury tokens, conditional payments and programmable rewards. Lin Shunzong, head of DBS's Global Transaction Services Group, said that DBS token services allow companies and public sector entities to "optimize liquidity management, simplify operational workflows, enhance business resilience, and open up new opportunities for end-customer or end-user participation."