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Singapore's DBS Bank Launches Tokenized Structured Notes on Ethereum
Summary: In a breaking news report by CoinDesk, Singapore's largest bank, DBS, announced the issuance of tokenized structured notes on the Ethereum public blockchain, targeting qualified and institutional investors on Singaporean exchanges ADDX, DigiFT, and HydraX. The first product is a participation note linked to crypto assets, settling in cash when prices rise and limiting losses ...
In a breaking news report by CoinDesk, Singapore's largest bank, DBS, announced the issuance of tokenized structured notes on the Ethereum public blockchain, targeting qualified and institutional investors on Singaporean exchanges ADDX, DigiFT, and HydraX. The first product is a participation note linked to crypto assets, settling in cash when prices rise and limiting losses when prices fall. The note units have been reduced from the traditional $100,000 to $1,000, enhancing liquidity and trading convenience. Trading volume for related products is expected to exceed $1 billion in the first half of 2025, with a nearly 60% increase in Q2. DBS plans to expand to stocks and credit-linked notes in the future.
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