DBS to Launch Structured Notes for Institutional Clients
DBS Bank, a financial institution in Singapore, will introduce structured notes and over-the-counter (OTC) crypto options trading to its institutional clients in Q4 2024. The bank declared on September 17 that it would persist in providing financial products contingent upon the prices of Bitcoin and Ether, the two largest digital assets by market capitalization. DBS […]
DBS Tests Blockchain-Based Government Grant Disbursements
DBS has unveiled a blockchain-powered system that makes use of smart contracts to expedite the distribution of government funds. A report from the local media claims that DBS, in association with Enterprise Singapore and the Singapore Fintech Association, successfully completed the trial. Twenty-seven regional fintech businesses participated in the trial program, and the SFA […]
DBS enables e-CNY Payments for Businesses In China
DBS Bank has launched an e-CNY merchant collection solution for its corporate clients in China, enabling them to receive payments in the country’s digital currency. The bank has also completed its first e-CNY transaction for a catering company in Shenzhen. DBS Bank, one of the leading banks in Singapore and Asia, has announced that it […]
DBS is now approved for crypto payment services in Singapore
Following regulatory approval in Singapore, DBS the country largest bank has stated that by Monday its crypto exchange will start operating, allowing institutional investors to trade Bitcoin. DBS Bank, Singapore’s largest bank, has added another regulatory clearance to its list of supported bitcoin services. The Monetary Authority of Singapore (MAS) has given DBS Vickers (DBSV) […]