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19 September 2021

Singapore's Largest Bank DBS Sees Rapid Growth in Crypto Business, Robust Demand From Investors – Exchanges Bitcoin News

Singapore's Largest Bank DBS Sees Rapid Growth in Crypto Business, Robust Demand From Investors – Exchanges Bitcoin News


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DBS Group Holdings, the largest bank in Singapore and Southeast Asia, says its crypto business is “growing very rapidly.” The bank’s digital asset trading platform expects to double the number of members by year-end.

Kwee Juan Han, DBS’ group head of strategy and planning, opined: “Our aim was to create a platform that could serve the entire digital asset value chain, from deal origination to tokenisation, listing, trading, and custody – all within a trusted and regulated bank franchise.”.

DBS Digital Exchange claims to be the world’s only bank-backed full-service digital bourse, offering cryptocurrency trading, asset tokenization, and digital custody services.

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