If you recall a few weeks back, a leaked document from DBS revealed intentions to release a couple of crypto products, namely an exchange trading platform, a tokenisation offering, as well as custody services. At the time, they quickly took the page down, citing that they have yet to receive regulatory approval. Well, yesterday, they announced that they’ve gotten approval, and will launch these products as soon as next week! In fact, they will be the world’s first bank to deliver a crypto exchange platform.
As South East Asia’s largest bank, they have led the way, and essentially thrown the gauntlet down, not just within the region, but across the world, in showing how a bank can move fast and drive the blockchain environment, and be involved in the narrative of what’s quickly becoming the emerging way we interact with financial products....