Singapore’s largest commercial bank Singapore’s DBS Bank (DBS) launched a digital asset exchange. The bank said that digital assets will become the future of the digital economy. With DBS Digital Exchange, a digital exchange supported by the bank, companies and investors can now use an integrated solution ecosystem to tap the huge potential of private markets and digital currencies. Through DBS Digital Exchange, small and medium-sized enterprises and large enterprises can also use the securities token platform to effectively raise funds through the digitization of their securities and assets, allowing issuers to reach a large number of investors who may not traditionally be able to use such tokens . DBS Digital Exchange provides transaction services from legal currency to four major digital currencies in circulation-Bitcoin, Bitcoin Cash, Ethereum and XRP.
The following is the full text of the official website of DBS Bank of Singapore (DBS):
The future of capital markets
Digital assets will become the future of the digital economy. With DBS Digital Exchange, a digital exchange supported by DBS Bank, companies and investors can now use an integrated solution ecosystem to tap the huge potential of private markets and digital currencies.
Through DBS Digital Exchange, small and medium-sized enterprises and large enterprises can also use the securities token platform to effectively raise funds through the digitization of their securities and assets, allowing issuers to reach a large number of investors who may not traditionally be able to use such tokens .
DBS Digital Exchange is regulated by the Monetary Authority of Singapore and is supported by DBS Bank, Asia’s leading financial services group. DBS Bank has decades of experience in the capital market and provides secure custody services.
Digital Exchange
DBS Digital Exchange provides transaction services from legal currency to four major digital currencies in circulation-Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Ripple (XRP).
Securities token products
Companies seeking regulated options to raise private capital from qualified investors can now use the DBS Digital Exchange to securitize their securities assets into tradable digital tokens.
STO products will be announced and launched in due course.
Digital asset custody
Unlike most digital exchanges today, DBS Digital Exchange does not hold any digital assets. On the contrary, all digital assets are stored in DBS Bank, which is known worldwide for its custody services. In order to ensure the security of customers’ digital assets, DBS Bank has deployed DBS Digital Custody, an institutional-level custody solution tailored to protect digital assets.
Q&A (question and answer)
1. How to apply to become a member of DBS Digital Exchange?
DBS Digital Exchange only accepts financial institutions and professional market makers as members. Individual investors can only enter the exchange through these members (such as DBS Vickers Securities (Singapore) Pte Ltd and DBS Private Bank).
For financial institutions, professional market makers, family officials and qualified investors, please send an email to digitalexchange@dbs.com.
2. What kind of transactions can we conduct on DBS Digital Exchange?
BTC / SGD, BTC / HKD, BTC / USD, BTC / JPY
BCH / SGD, BCH / HKD, BCH / USD, BCH / JPY
ETH / SGD, ETH / Hong Kong dollar, ETH / USD, ETC / JPY
XRP / SGD, XRP / HKD, XRP / USD, XRP / JPY and
As well as security tokens, they are asset-backed tokens.
Security tokens are listed crypto tokens, backed by real assets such as stocks, physical assets, fixed income instruments and even artworks. Security token product or STO refers to the public process of listing security tokens.
DBS Bank’s STO solution will be announced in due course.
What are the currency pairs traded on DBS Digital Exchange?
Currency pairs will include BTC (Bitcoin), ETH (Ethereum), XRP (Ripple) and BCH (Bitcoin Cash) against SGD, HKD, JPY and USD.
