Singapore’s DBS launches its own token
The multinational banking corporation launched its first value offering, better known as STO, through the issuance of a digital bond
The multinational banking corporation, known as DBS Bank of Singapore, launched its first security token offering, or STO, through the issuance of a digital bond.
As indicated, this asset has a price of 11.35 million dollars to be paid within six months, with a 0.60 % annual cuon.
To encourage investor participation, the bond will be traded in lots of S $ 10,000 (about US $ 7,650), a drastic reduction compared to the S $ 250,000 in which traditional wholesale bonds are traded.
These bonds will be available for secondary trading, for all clients that are part of the DDEx, who are accredited or institutional investors.
Eng-Kwok Seat Moey, Head of DBS Capital Markets Group, highlighted that security tokens offer an efficient and innovative method of raising capital in the Asia-Pacific region, whose currency represents more than 30 % of the world private capital markets.
“Our first STO listing on the DBS Digital Exchange is an important milestone, as it highlights the strength of our digital asset ecosystem to facilitate new ways to unlock value for issuers and investors,” said the executive.
K. Tovar
Source: Cointelegraph
