DBS to launch members-only digital exchange for trade in crypto assets, private capital

Visual from DBS LinkedIn page

Southeast Asia’s largest bank DBS will set up a digital exchange for institutional and accredited investors to trade in cryptocurrencies and digital tokens that are backed by listed and unlisted assets, it announced Thursday.

The exchange, which will be 90 per cent owned by DBS and 10 per cent owned by Singapore Exchange, will allow fundraising via asset tokenization and secondary trading of digital assets, DBS said in a press release.

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