33.4 C
Singapore
Monday, July 4, 2022
Home Business Singapore-Based Bank DBS Issues $11.3 Million in Blockchain Bonds

Singapore-Based Bank DBS Issues $11.3 Million in Blockchain Bonds

Singapore-based multi-national bank DBS has issued a US$11.3 million (SGD15 million) digital bond in its DBS Digital Exchange (DDEx) first security token offering (STO). The DBS Digital Bond has a sixth-month expiry and a coupon rate of 0.6% per annum. This announcement comes just after Southeast Asia’s largest bank launched its first crypto exchange. 

Through this digital bond, other issuers and clients can tap on DDEx’s capabilities to efficiently access capital markets for their funding needs. They can also set the stage for more STO issuances and listings on DDEx as asset tokenisation grows in popularity.

For more details: https://www.dbs.com/newsroom/DBS_advances_asset_digitalisation_strategy_with_first_Security_Token_Offering_on_DBS_Digital_Exchange

DISCLAIMER: SGBusinessTalk website, its article contents and opinions is for research purposes and entertainment only. At no point should the content here be taken as financial advice. You are yourself responsible for any and all investment and trading decisions. This article IS NOT a financial advice. You can lose all your money in cryptocurrency. Do not invest if you fear to lose income. SGBusinessTalk is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Most Popular

Singapore Cryptocurrency News Roundup March-April 2022

Get the latest news on cryptocurrency in Singapore only here at SGbusinesstalk. Check out the list of the top 10 stories in early December 2021 below:

Despite scrutiny from regulators everywhere, many Singaporeans are still looking forward to the future of cryptocurrency

Have you ever thought of using cryptocurrency as part of your daily routine? If so, you're part of 37% or more than ⅓ of...

Experts Say Southeast Asia is One of the Best Markets for Web3

In 1989, Web1, better known as the internet we all know today, was invented. Then came Web2 which refers to the user-generated web. With...

Singapore Cryptocurrency News Roundup Mid to Late December 2021

Get the latest news on cryptocurrency in Singapore only here at SGbusinesstalk. Check out the list of the top 10 stories in early December 2021 below: