Singapore-based DBS has launched a digital bond security token to expand its offerings to clients.
DBS can operate as a digital asset exchange, while the bank launched its crypto exchange in December.
The bank said that the listing will enable other clients and issuers to utilize DDEx’s infrastructure.
Singapore-based multinational Banking Corporation DBS has issued its first security token offering (STO) with an $11 million digital bond.
The announcement, according to DBS, is being issued through its Digital Exchange (DDEx). It comes with a coupon of 0.6% per annum and a 6-month expiry.
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