Singapore, 28 April, 2021 – Acknowledging that the future of global payments is on the cusp of a fundamental shift, DBS, J.P. Morgan (NYSE: JPM) and Temasek today announced plans to develop an open industry platform to reimagine and accelerate value movements for payments, trade and foreign exchange settlement in a new digital era, through a newly … Singapore Exchange Limited (SGX: S68), or SGX, will take up a 10% stake in DBS’ new digital exchange. It is known as the world’s number one digital bank, having won the title of “World’s best digital bank” in the financial magazine Euromoney. In a first, DBS launched ‘DBS Digital Exchange’ in December 2020, where one can buy and sell cryptocurrency like Bitcoin, which has soared past US$40,000. Singapore Exchange (SGX) will take a 10% stake in the DBS Digital Exchange. DBS Bank to launch crypto exchange dubbed “DBS Digital Exchange” DBS Bank is Singapore’s largest commercial bank, managing $580 billion in assets in 2019. DBS Bank, the biggest bank in Singapore has announced on Tuesday, October 27, 2020, that it is rolling out the fiat-to-crypto currency trading exchange known as DBS Digital Exchange. “DBS’ plans for a digital exchange are still work in process, and have not received regulatory approvals,” a DBS spokesperson … Both parties will explore opportunities to deepen the liquidity, scale and growth of Singapore’s capital markets in the growing area of digital assets and digital currencies. The DBS Digital Exchange, when launched, would be the foremost digital currency exchange backed by a traditional bank in the world. With the DBS Digital Exchange, DBS will leverage blockchain technology to provide an ecosystem for fund raising through asset tokenisation and secondary trading of digital … DBS announced that it will set up a digital exchange, enabling institutional investors and accredited investors to tap into a fully integrated tokenization, trading and custody ecosystem for digital assets. Members will benefit from DBS Group’s deep capabilities in multiple areas. DBS CEO, Piyush Gupta said that it will be the first digital asset exchange in the world to be backed by a traditional bank. This trading platform will be backed by the bank. It will also leverage blockchain technology to create a digital assets ecosystem and provide tokenization, trading, and custody services to institutional and accredited investors. Singapore Exchange to take a stake in the DBS Digital Exchange. Moreover, it is regulated by the financial regulator authority Monetary Authority of Singapore (MAS). SGX has a long track record of operating an organised exchange, and CEO Loh Boon Chye believes that the group can apply its strengths in market infrastructure and risk management to make the planned exchange more robust. DBS announced that it will set up a digital exchange, enabling Institutional Investors and Accredited Investors to tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets. The DBS Digital Exchange is a members-only exchange for Institutional Investors and Accredited Investors. Trading services for […] Singapore Exchange (SGX) will take a 10% stake in the DBS Digital Exchange. DBS now has a digital asset exchange as well, which allows everything from companies to properties to be broken up for a larger pool for investors to get in on.

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