DBS, the Singapore-based bank, is to establish a digital exchange, enabling institutional and accredited investors to tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets. Singapore Exchange (SGX) will take a 10pct stake in the DBS Digital Exchange. The exchange will include:
Security Token Offerings – A regulated platform for the issuance and trading of digital tokens backed by financial assets, such as shares in unlisted companies, bonds and private equity funds.
Digital Currency Exchange – Cryptocurrency trading that will facilitate spot exchanges from fiat currencies to cryptocurrencies and vice versa. The DBS Digital Exchange will offer exchange services between four fiat currencies (SGD, USD, HKD, JPY), and four of the most established cryptocurrencies, Bitcoin, Ether, Bitcoin Cash and XRP.
Digital Custody Services – An institution-grade digital custody solution to meet the increasing demand for secure custodial services tailored for digital assets under their prevailing regulatory standards.