DBS – DIGIT INFO

DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80%

DIGIT — Sat, 13 Jul 2024 03:20:41 +0000

DBS, a leading financial services group in Asia, reports a significant increase in the trading value of digital payment tokens on its digital exchange for the first five months of this year. The surge reflects growing institutional interest in digital assets as part of alternative portfolios. “We are studying listing stablecoins on our exchange and […]

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Paxos gains approval for Singapore stablecoin launch with DBS partnership

DIGIT — Tue, 02 Jul 2024 13:17:21 +0000

Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch.

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Southeast Asia’s Largest Bank DBS Sees 80% Increase in Bitcoin Trading Volume on Its Crypto Exchange

DIGIT — Mon, 20 Feb 2023 03:30:36 +0000

The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market has decisively shifted its focus towards trust and stability, especially in the wake of multiple scandals that have rocked the industry,” a DBS […]

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Southeast Asia’s Largest Bank DBS Unveils Plan to Expand Crypto Services in Hong Kong

DIGIT — Tue, 14 Feb 2023 23:00:30 +0000

DBS, the largest bank in Southeast Asia, has unveiled its plan to expand its crypto services in Hong Kong. “We are planning to apply for a license in Hong Kong so that the bank could sell digital assets to our Hong Kong customers,” said an executive of the bank. DBS Bank to Apply for Digital […]

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Largest Japanese Bank MUFG Projects to Offer Financial Services in Metaverse by 2023

DIGIT — Wed, 09 Nov 2022 05:00:01 +0000

MUFG, the biggest bank in Japan, is projecting to offer financial services through the metaverse in 2023. The financial giant has partnered with ANA Holdings, a holdings consortium focused on air transportation companies, to be part of ANA’s Granwhale metaverse, and explore the possibility of selling financial products on this platform next year. MUFG Prepares […]

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Stablecoin issuers Circle and Paxos gain approvals in Singapore

DIGIT — Wed, 02 Nov 2022 06:19:43 +0000

The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers.

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Strategist at Southeast Asia’s Largest Bank DBS Says Bitcoin Is Unique Regardless of Price

DIGIT — Sat, 15 Oct 2022 02:30:01 +0000

An investment strategist at Southeast Asia’s largest bank, DBS, says bitcoin is unique whether the price changes or not. “If we just look purely on a price basis, you will see a lot of volatility and that doesn’t inform you a lot about what benefits it actually brings,” the DBS strategist emphasized. DBS Strategist on […]

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Jihan Wu-Backed Crypto Miner Bitdeer Acquires ‘Singapore’s Fort Knox’ for $28.4 Million

DIGIT — Sun, 25 Sep 2022 22:00:58 +0000

Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. Bitdeer’s chairman, Jihan Wu, confirmed the vault acquisition via a text message following the reports that revealed the mining firm purchased Le Freeport. Bitdeer Purchases Maximum Security Vault […]

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Southeast Asia’s Largest Bank DBS Launches Self-Directed Crypto Trading Amid Institutional Demand

DIGIT — Sun, 25 Sep 2022 04:00:54 +0000

The largest bank in Southeast Asia, DBS, has launched self-directed cryptocurrency trading via its app. More customers are now qualified to access the bank’s digital asset exchange and trade cryptocurrencies, including bitcoin and ether. DBS Launches Self-Directed Crypto Trading DBS, the largest bank in Southeast Asia, announced Friday that it “has rolled out self-directed crypto […]

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Southeast Asia’s Largest Bank DBS Enters the Metaverse

DIGIT — Sun, 11 Sep 2022 05:30:15 +0000

DBS, the largest bank in Southeast Asia, says it is “the first bank in Singapore to make a foray into the metaverse.” A DBS executive explained that “The metaverse presents exciting opportunities to redefine how we live, work and engage with each other.” DBS Entering the Metaverse Southeast Asia’s largest bank, DBS, announced Friday a […]

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