DBS – first STO on DDEx
The DBS has revenues of 14.5 billion SGD (10.8 billion USD) and the DBS believes tokenization will enter the mainstream for securities.
DDEx launched in late 2020, and today holds 85 million SGD in digital assets (custody service).
CEO Piyush Gupta was cautious on crypto asset trade saying the bank would test the markets and “figure it out.”
“Our maiden STO listing on the DBS Digital Exchange is a significant milestone, as it highlights the strength of our digital asset ecosystem in facilitating new ways of unlocking value for issuers and investors.” Eng-Kwok Seat Moey, DBS