Singapore’s DBS Bank has announced the launch of over-the-counter (OTC) crypto options trading and structured notes, which is the first of its kind for any Asian-headquartered bank. Launching in the fourth quarter of 2024, this new set of features aims to be directed towards institutional investors and accredited wealth clients while also boosting their capacity […]
dbs bank
4 Retail CBDC trials to begin in Singapore: MAS
The first phase of the Monetary Authority of Singapore’s (MAS) Project Orchid investigation into a retail central bank digital currency (CBDC) is now complete. Although there is no “immediate case” for a retail CBDC in Singapore, the white paper published on October 31 envisioned the infrastructure needed in case one did. A new kind of digital […]
Singapore Based DBS Bank Is Partnering up With the Sandbox
According to a September 9 announcement, DBS, one of the top financial service providers in Asia, is getting ready to team up with gaming titan Sandbox to introduce the “DBS Better World,” a virtual metaverse experience. DBS is the first Singapore-based bank to crack a deal with Sandbox DBS is the first Singaporean bank to […]
Singapore-Based DBS Bank To Expand Its Crypto Services
DBS bank is looking to expand its cryptocurrency services. Despite the bear market in cryptocurrencies, Singapore’s largest bank says it still intends to boost its digital exchange and provide services to more of its 300,000 high-net-worth customers in Asia. The decline of the cryptocurrency market, according to Piyush Gupta, chief executive of DBS since 2009, […]
Singapore’s DBS Bank eyes crypto expansion in retail by the end of 2022
Leading Singaporean DBS Bank has announced its intention to launch a retail crypto trading desk by the end of the year after opening an institutional digital asset trading desk back in 2021. Speaking in relation to the platform releasing its fourth-quarter results on Monday, CEO Piyush Gupta accepted that while there is still more work to be done, the bank still […]
DBS Bank Joins Ant Blockchain’s Latest Network Trusple, Aims to Make Trades More Transparent and Seamless
The blockchain and cryptocurrency market has been making waves during the COVID era with companies realizing that they need to look into disruptive technologies to make progress. This turn comes after progress in the decentralized industry that has made it possible for banks and other agencies to move capital quickly. The world of virtual assets […]