Tags: DBS Bank

The latest initiatives led by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets.

Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen.

DBS Bank’s crypto trading platform has been attracting more institutional investors due to crypto exchanges that collapsed last year.

DBS’ crypto exchange, which is not open to retail traders, currently allows for bitcoin, ether, XRP, bitcoin cash, DOT, and ADA trading.

As Hong Kong has been opening up to crypto, major financial institutions like DBS Group are targeting new crypto services in the Chinese territory.