DBS establishes new exchange division
Singapore's largest bank is working on the development of a new cryptocurrency exchange system, which will be called DBS Digital Exchange
The DBS institution is working on the creation of a cryptocurrency exchange division, which will be called DBS Digital Exchange.
According to Singapore’s largest bank, there will be immediate support from SGX, one of the largest markets in the region.
The cryptocurrency exchange will only be accessible to institutional and accredited investors, who will be able to trade bitcoin, ethereum, bitcoin cash, and xrp.
On the other hand, it is planned to establish a platform to tokenize assets such as shares, for unlisted companies, bonds and private equity funds.
DBS Group CEO Piyush Gupta said that for Singapore to be even more competitive as a global financial center, “we need to prepare to welcome the widespread adoption of digital assets and currency trading.”
K. Tovar
Source: Cointelegraph
