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Singapore’s OCBC Studying Crypto Exchange, CEO Wong Says

  • Bank sees efficiency benefits, although it’s not in a rush
  • Rival DBS plans to expand its digital exchange to retail
Helen Wong in Singapore, on Nov. 19.

Helen Wong in Singapore, on Nov. 19.

Photographer: Wei Leng Tay/Bloomberg
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Oversea-Chinese Banking Corp. is considering whether to set up a crypto exchange as Southeast Asia’s second-largest lender seeks to respond to customer needs, Chief Executive Officer Helen Wong said.

“We are looking at it and seriously there are some work being done in the bank,” Wong told Haslinda Amin in a Bloomberg Television interview Friday, when asked whether the bank would consider offering crypto services as some of its competitors are doing.