Southeast Asia's Largest Bank DBS Launches First Security Token Offering on Its Cryptocurrency Exchange
DBS, Southeast Asia's biggest bank, has dispatched its first security token contribution (STO) on its digital currency trade. The DBS Digital Bond is valued at 15 million Singapore dollars. "We anticipate that asset tokenization should progressively turn out to be more standard," said a DBS chief. DBS' First Security Token Offering DBS reported Monday its first security token contribution (STO) on the DBS Digital Exchange (Ddex). The DBS Digital Bond, valued at 15 million Singapore dollars (US$11.37 million), accompanies a six-month tenor and coupon pace of 0.60% per annum. It is offered as a private arrangement and DBS is the sole bookrunner for the exchange. The bank point by point: This prepares for different backers and customers to tap on Ddex's capacities to productively get to capital business sectors for their financing needs and makes way for more STO issuances and postings on Ddex as resource tokenisation turns standard. Clifford Lee, Global Head ...