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Bank of Singapore DBS Shows Ambitious Plans for Digital Exchange

by CBDC Insider
September 13, 2021
in Asia, Business
Reading Time: 1min read
0
Bank of Singapore DBS Shows Ambitious Plans for Digital Exchange

FILE PHOTO: A logo of DBS is pictured outside an office in Singapore January 5, 2016. REUTERS/Edgar Su/File Photo GLOBAL BUSINESS WEEK AHEAD

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Singapore’s DBS Group doubled the number of members of its new cryptocurrency trading platform to 1,000 by the end of December, 20-30% annually over the next three years as digital tokens become accepted. Expected to increase.

DBS Digital Exchange, founded in December as a members-only stock exchange, saw strong demand from investment firms managing the property of corporate investors, certified individuals and wealthy families, in an interview with senior DBS executives. Said that.

“We are growing very fast. Investors are gradually exploring cryptocurrencies and digital assets,” said DBS, the capital market manager and trading director of DBS, the largest bank in Southeast Asia for assets. The chair of the office, Eng-Kwok Seat Moey, said.

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