Singapore-Based Banking Group DBS Set to Launch Digital Exchange For Institutional Investors
Southwestern Asian banking group
DBS announced on Thursday it will set up a digital exchange. The exchange will notably allow institutional investors, as well as accredited investors, to tap into a fully integrated tokenization, trading, and custody ecosystem for digital assets.
DBS further revealed that then new DBS Digital Exchange will allow it to use blockchain technology to provide an ecosystem for fund raising through asset tokenization and secondary trading of digital assets including cryptocurrencies, including:
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.