DBS, the biggest bank in South-east Asia and among the largest banks in Asia with total assets of S$518 billion is to offer Bitcoin, Ethereum, Bitcoin cash and Ripple trading as well as custody.
Digital assets are poised to be the future of tomorrow’s digital economy. With DBS Digital Exchange, a bank-backed digital exchange, companies and investors can now leverage an integrated ecosystem of solutions to tap the vast potential of private markets and digital currencies.
Through DBS Digital Exchange, SMEs and large corporates alike can also tap on a Security Token platform to raise capital efficiently through the digitisation of their securities and assets, enabling issuers to reach a wider base of investors that might not traditionally have access to such tokens.
Unlike most digital exchanges today, DBS Digital Exchange does not hold any digital assets. Instead, all digital assets are kept at DBS Bank, which is globally recognised for its custodial services. To keep customers’ digital assets safe, DBS Bank has deployed DBS Digital Custody, an institutional-grade custody solution specially tailored for safekeeping digital assets.
The bank took the page currently down but here's google cache to see all details of this exciting news. https://webcache.googleusercontent.com/search?q=cache:3Nkp5f0WSjsJ:https://www.dbs.com.sg/corporate/solutions/capital-markets/dbs-digital-exchange+&cd=1&hl=en&ct=clnk&gl=al
Guess what? The same bank was talking about Bitcoin back in 2017, calling it a ponzi scheme:
“We see bitcoin as a bit of a Ponzi scheme,” David Gledhill, group chief information officer and head of group technology and operations at DBS, told CNBC on Wednesday.
Link to the 2017 article: https://www.cnbc.com/2017/11/14/dbs-groups-david-gledhill-bitcoin-is-a-ponzi-scheme.html
Be patient my LamboMoonFrenz, we'll might get to the moon sooner than we originally thought. First we have to cross the $20K and next year, people will start watching closely and later on FOMO in. This time it won't be just people like me ant you. This time it'll be multimillion international companies who will just in and push the price much higher.
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