DBS

Southeast Asia’s Largest Bank DBS Launches Trust Service for Cryptocurrencies

<div class=”featured_image_container”> </div> <strong>DBS Group, Southeast Asia’s largest bank, has launched a trust service for cryptocurrencies for its private banking clients. The service allows clients to invest, store, and manage their cryptocurrencies in a safe, secure, and structured manner, the bank explained.</strong> DBS’ New Cryptocurrency Trust Service DBS Group said Friday that its private banking …

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Southeast Asia’s Largest Bank DBS Says Trading Volumes on Its Cryptocurrency Exchange Have Increased 10 Times

<div class=”featured_image_container”> </div> <strong>DBS, Southeast Asia’s largest bank, says that cryptocurrency trading volumes on its exchange have grown 10 times to around $30 million to $40 million. The bank is also collaborating with JPMorgan on a blockchain settlement platform and plans to launch its first security token offering in the second quarter, its CEO has …

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

It’s been a busy couple of weeks for Switzerland’s digital asset exchange, SDX. In chronological order (and pardoning the unavoidable alphabet soup): Last week SDX’s parent company, SIX, announced test results around the “feasibility” of wholesale central bank digital currencies (CBDCs), involving the Swiss National Bank (SNB) and Bank of International Settlements (BIS).  This week, …

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Pandemic Will Speed Bitcoin Adoption, Says DBS Bank Economist

“A pandemic-led acceleration of adoption.”  That’s how Singapore-based DBS Bank describes the current state of digital assets in its quarterly report on cryptocurrencies published in August. It’s interesting to hear such an observation from a respected multinational bank and its chief economist, Taimur Baig. However, there have lately been murmurings about certain large financial institutions …

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