Asia’s First Bank to Offer Bitcoin and Ethereum-Linked Financial Products
DBS Introduces Crypto Options Trading for Institutional Clients
DBS Bank plans to launch over-the-counter (OTC) crypto options trading and structured notes, available to institutional and wealth clients. This move positions DBS as the first Asian bank to offer financial products linked to Bitcoin and Ethereum.
DBS Expands Crypto Offerings Amid Growing Market
Starting in Q4 2024, eligible clients of DBS Private Bank and DBS Treasures Private Client can access these new crypto products. Clients will be able to trade digital assets via the DBS Digital Exchange (DDEx) or engage in options trading, which may offer yield on fiat or cryptocurrency.
Crypto Services Targeted at Institutional Investors
The expansion follows a significant increase in cryptocurrency market capitalization in early 2024. With this move, DBS continues its push to lead the crypto banking sector in Asia, offering its clients structured financial solutions based on digital assets.
Legal and Regulatory Status of Crypto in Singapore
Crypto remains legal in Singapore, with banks like DBS leading the way in offering crypto-related services. However, such services are primarily available to accredited investors and institutional clients, adhering to the nation’s strict regulatory framework.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
