Summary
- DBS Bank has announced the launch of an Ethereum-based tokenized bond.
- This launch marks DBS's first case of providing tokenized financial products to accredited and institutional investors.
- DBS has announced plans to pursue the tokenization of traditional financial products such as equity- and credit-linked bonds in the future.
DBS, the largest bank in Singapore, is expanding its blockchain strategy by introducing a tokenized bond based on the Ethereum (ETH) blockchain.
According to CoinDesk on the 21st (local time), DBS announced in a press release, "The Ethereum-based tokenized structured bond will be distributed through local Singapore exchanges such as ADDX, DigiFT, and HydraX." This marks DBS's first case of offering tokenized financial products to accredited and institutional investors, extending beyond its own client base.
DBS will initially focus on virtual asset-linked bonds, but plans to tokenize and offer traditional financial products such as equity- and credit-linked bonds in the future. Li Zhen, head of FX and digital assets at DBS, emphasized, "Asset tokenization is the next frontier in financial market infrastructure."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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