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DBS Launches Asia’s First Bank-Backed Trust Solution for Cryptocurrencies
source link: https://fintechranking.com/2021/05/14/dbs-launches-asias-first-bank-backed-trust-solution-for-cryptocurrencies/
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DBS Launches Asia’s First Bank-Backed Trust Solution for Cryptocurrencies
DBS Private Bank has introduced a trust solution for the asset class via DBS Trustee, the bank’s wholly-owned, licensed trust company, to enable its private banking clients to invest, custodise and manage their digital assets.
According to DBS, this offering is Asia’s first bank-backed trust solution for cryptocurrencies, and builds on the DBS Digital Exchange (DDEX).
Launched in December 2020, DDEX enables institutional investors and accredited investors to tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets.
Read more: Fintech News Singapore
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