Security

security

DBS & an STO

DBS – first STO on DDEx

The Development Bank of Singapore (DBS) had issued its first STO. This was done via its exchange called 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 

 

Security Tokens & Addx

“Security tokens represent the next generation of electronic trading. They are stocks, bonds, funds, and other securities taking the form of tokens on a blockchain rather than physical certificates or some other form. Using blockchain technology as the foundation on which securities are built, managed, and traded yields important efficiencies, such as fractionalisation and reduced settlement times – from the market norm of two working days to instant.” The Payers

Addx

Security tokens are tokens which provide ownership and voting rights over a security. These tokens are different to the original utility tokens which allowed for a service to be used (eg travel, or viewing videos). 

Addx is a platform tokenizing bonds, securities, and hedge funds. It rebranded from iSTOX.

Addx has an app entitled “Your Entry to Private Markets Investment” on the Play Store with 100+ downloads; with 5 stars. 

The security token market has long been forecast with numerous predictions about tokenizing real-estate and many more assets to create liquidity in illiquid assets.

So far, security tokenization is still very small compared to the quadrillion dollar size of the securities market.

The Addx website shows logos from Bloomberg, CNBC and the WSJ.