Cryptocurrencies
DBS to Start Members-Only Digital Bourse for Crypto Assets
- Bank partners with Singapore Exchange in crypto platform
- New services include asset tokenization, custody services
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DBS Group Holdings Ltd. will set up a digital exchange for cryptocurrencies for firms and wealthy clients, while allowing fund raising via asset tokenization on a platform run by the largest bank in Southeast Asia.
The planned setup is in partnership with Singapore Exchange Ltd., which will hold 10% in the new bourse, the Singapore-based lender said Thursday in an exchange filing. The new services include asset tokenization, secondary trading of digital assets including Bitcoin, and custody services, DBS said.