1. Accredited Clients to Earn Yield and Hedge Volatility
2. DBS Drives Innovation with Expanded Crypto Solutions
3. Paving the Way for Crypto Adoption in Asia

DBS, the biggest bank in Singapore, has officially announced that it will introduce over-the-counter (OTC) trading options and structured notes linked to Bitcoin (BTC) and Ethereum (ETH) exclusively for institutional investors and wealthy clients.

Accredited Clients to Earn Yield and Hedge Volatility

In the detailed announcement, DBS shared that this initiative, slated to kick off by the fourth quarter of 2024, is to provide easy access and seamless trading options. The bank noted that clients may diversify their investments by trading security tokens on DBS Digital Exchange (DDEx). Now, eligible clients looking to expand their exposure to these asset classes can opt for options trading and structured notes. Clients also can earn a yield on fiat or receive the underlying cryptocurrencies. However, this depends on the product’s design and virtual asset price fluctuations. Interestingly, eligible clients holding Bitcoin and Ethereum with DBS can safeguard their positions against market fluctuations. They can also generate yield through different options strategies.

DBS Drives Innovation with Expanded Crypto Solutions

Jacky Tai, DBS’s Group Head of Trading and Structuring, highlighted that these initiatives are part of the bank’s strategy to deliver cutting-edge financial solutions. It is to ensure clients have the tools they need to succeed in an increasingly digital financial landscape.

Paving the Way for Crypto Adoption in Asia

DBS’s launch of these new financial products aligns with the rapid growth in the cryptocurrency market. In the first five months of 2024, the total market capitalization of cryptocurrencies rose by 50%. During this same period, DBS’s DDEx saw a nearly tripled asset trade value and an 80% surge in assets held, with a 36% rise in active clients. DBS’s entry into crypto-related financial products aligns with the trend of leading financial institutions embracing Bitcoin and cryptocurrency services. This step is anticipated to enhance Bitcoin’s credibility as an asset class among institutional investors in Asia and boost its acceptance in the mainstream within the region.

DBS’s initiatives in introducing new crypto-related products demonstrate the adaptation of major financial institutions to the evolving landscape of digital assets. This represents a significant step towards the recognition and adoption of cryptocurrencies in Asia, potentially increasing their spread among institutional investors.