🔍 Analytics firm Nansen found that a cryptocurrency wallet owned by DBS Bank contained more than 170,000 Ether worth about $650 million.
• DBS Bank, one of the largest banks in Singapore, has been identified as an Ethereum whale.
• Some have speculated that ETH could be owned by the DBS digital exchange for accredited investors.
• In 2020, DBS Bank introduced cryptocurrency custody and trading services, as well as a platform for conducting security token offerings.
• In 2023, DBS Bank launched a digital yuan transaction tool.
• Despite the 2022 cryptocurrency crashes, Bitcoin trading volume at DBS has increased by 80%.