DBS plans to launch its own digital exchange, thought to be the first to be built and owned by a leading bank.
Singapore Exchange (SGX), which runs the country’s stock exchange, will hold a 10% stake in the venture and will work with it on developing its liquidity and scale.
“We are, to the best of my knowledge, the first bank in the world to put together an integrated offering in the tokenized asset space,” said Piyush Gupta, chief executive of DBS, at the launch.
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