Tag: dbs

Oct 02 2021

Singapore Authority Gives Crypto Licenses To DBS And Australian Exchange

The Monetary Authority of Singapore (MAS) has granted licenses to two companies to offer digital payment token services. The brokerage arm of DBS Bank received formal approval from Singapore’s principal financial regulator to provide crypto services. Australian cryptocurrency exchange Independent Reserve also received the same license under the Payment Services Act. With this, Independent Reserve becomes the first Australian crypto exchange to be...

Oct 01 2021

Jun 01 2021

DBS Bank Issues Digital Bonds in First Security Token Offering

In hopes to grow its financial products on the DBS Digital Exchange (DDex), Singapore’s DBS Bank just announced its issuance of a $11.3 million digital bond in its security token offering (STO). A security token offering is similar to that of an IPO, in that it’s a type of public...

Dec 11 2020

SDX Chief Gets Philosophical About Crypto’s Swiss-Singapore Connection

Dec 11 2020 Published at CoinDesk under tags  banking business cbdcs dbs r3 corda

The crypto corridor connecting Switzerland and Singapore is firming up, involving many of the usual suspects in banking, custody and trading.

Dec 10 2020

DBS Bank’s Digital Exchange to Begin Trading Crypto ‘Next Week’

Dec 10 2020 Published at CoinDesk under tags  banks business dbs exchanges markets

The DBS Digital Exchange is 10% owned by Singapore's SGX stock exchange.

Oct 28 2020

Singapore’s DBS Is Exploring Crypto, Spokesperson Confirms

News of Singapore's biggest bank, DBS, launching a cryptocurrency exchange, rocked the crypto space today. Following the announcement, a spokesperson for the bank confirmed to Altcoin Buzz that DBS was exploring unveiling a digital currency exchange. However, it was noted that this decision was still in progress as the bank has not yet obtained regulatory approval. According to the spokesperson, "DBS’ plans to...

Oct 27 2020

Did DBS Bank Announce a Cryptocurrency Exchange Launch?

Singapore’s largest bank DBS is planning to launch a digital asset ecosystem. According to a now-deleted webpage, this ecosystem will comprise a digital asset exchange, security token offerings, and digital asset custody solution. The announcement also stated that DBS Digital Exchange will be a bank-backed digital exchange. It will allow companies and investors to leverage solutions that help tap the massive potential of...

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