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DBS Bank officially launches a comprehensive digital transaction platform

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Today, DBS Bank announced the official launch of a digital trading platform to create a comprehensive digital asset tokenization, trading and custody ecosystem for institutional clients and accredited investors.

Original title: "Heavy News | DBS Bank officially launched a comprehensive digital transaction platform"

Original source: DBS Bank

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People in the picture (from left to right) are: Luo Wencai, CEO of Singapore Exchange; Michael Syn, Head of Equities Department of Singapore Exchange; Guo Xuemei, Head of Capital Markets Department of DBS Bank; Executive Officer

Through this digital trading platform, DBS Bank will use blockchain technology to provide asset tokens including digital assets such as cryptocurrencies

Securitization proxy Token Issuance – serves as a regulated platform for the issuance and trading of digital tokens backed by financial assets, such as stocks of unlisted companies, bonds, and private equity funds.

Digital Currency Transaction——Achieve two-way spot from legal currency to cryptocurrency Exchange cryptocurrency transactions. The DBS digital trading platform will provide mutual exchange services between four currencies (SGD, USD, HKD, JPY) and four of the most established cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Ripple).

Digital Hosting Services - An institutional-grade digital custody solution designed to meet the growing demand for safe custody services for digital assets under current regulatory standards. DBS Digital Custody Services builds on its experience in providing world-class custody services for traditional assets, escrowing the cryptographic keys that govern digital assets on behalf of clients.

Today's announcement follows DBS Bank's approval-in-principle approval from the Monetary Authority of Singapore to be granted a "Recognized Market Operator" license [1] The license authorizes DBS to engage in organized market operations in assets such as equities, bonds and private equity funds.

It is estimated that in 2019, the daily transaction volume of global digital trading platforms will be between US$50 billion and between $100 billion. [2]

The exponential growth of asset digitization provides a huge opportunity to reshape the capital market. Singapore’s competitiveness as a global financial center is increasing day by day, and we must be ready for the mainstreaming of digital asset and currency trading. DBS is committed to accelerating the development of a fully integrated ecosystem to facilitate this transformation. DBS Bank's digital transaction platform is integrated and differentiated, and it is the first platform product of its kind. ——DBS Group Chief Executive Officer Goldberg

Unique DBS Bank Digital Trading Platform

DBS Digital Trading Platform is a membership-based trading platform for institutional and accredited investors only.

Members will benefit from DBS Group's expertise in a number of areas, including:

✦ The deep professional accumulation of transaction initiation, the leading position in the major capital markets in Asia, and the extensive corporate network are also potential issuers of digital trading platforms;

✦ Sophisticated investor base and distribution network – access to a large and diverse investor base through DBS Private Banking and DBS Vickers;

✦ on offer With rich experience in safe and reliable custody services, it will expand to the field of digital assets and provide institutional-level custody services with strong network security control;

✦ Sound governance and control mechanism - unique to DBS AI and machine learning solutions to address risks and control processes to monitor and prevent financial crimes, credit risks, and other potential cyber risks;

✦ Digitization backed by a strong digital infrastructure capabilities to facilitate the accelerated development of a fully integrated digital asset ecosystem.

SGX will take a stake in DBS Digital Trading Platform

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Singapore Exchange (“SGX”) will hold a 10% stake in DBS’s digital trading platform. The two parties will explore opportunities to enhance the liquidity, scale and growth rate of Singapore's capital market in the booming digital asset and digital currency space.

SGX Participation Star

To apply SGX's advantages in market infrastructure and risk management to this project, we Excited. In the world of digital assets, there are significant opportunities to improve trust and efficiency in the price discovery process. We look forward to working closely with DBS to enhance Singapore's status as a multi-asset international financial centre. ——Loh Boon Chai, Chief Executive Officer of SGX

DBS' achievements and influence in the global banking industry are obvious to all. DBS's latest 'Best in the World' accolade comes from Global Finance, a New York-based financial publication. Years later, it once again won the title of "Best Bank in the World" this year.

[1] The Monetary Authority of Singapore (MAS) Recognized Market Operator (RMO) license is regulated by the Monetary Authority of Singapore, and companies need to obtain this license to Operate an organized market as defined in Part I of Schedule 1 of the Securities and Futures Act.