DBS Bank, Singapore's Largest Bank, Unveils New Digital Finance Initiative: Key Details Inside!

DBS Bank's New Initiative: Singapore's largest bank, DBS, has launched a digital finance initiative to tokenize structured notes on the Ethereum network for institutional investors.

Partnerships for Distribution: The bank has partnered with ADDX, DigiFT, and HydraX to distribute these tokenized products, which are aimed at meeting the demand for digital assets among institutions.

Product Features: The first tokenized product is a crypto-linked note that offers cash returns when cryptocurrency prices rise while limiting losses if prices fall, with each token representing a $1,000 share of the original note.

Future Plans: DBS processed over $1 billion in crypto-linked structured notes in the first half of 2025 and plans to expand by tokenizing equity and credit-linked notes in the future.