DBS Bank to Launch Crypto Options & Structured Notes for Institutional Clients – A Major Step Toward Crypto Adoption in Singapore
Exciting news in the world of institutional crypto! 🌐 Singapore's DBS Bank is set to launch over-the-counter (OTC) crypto options trading and structured notes for its institutional clients. Starting in Q4 2024, the bank will offer financial products tied to Bitcoin (BTC) and Ether (ETH), giving clients more ways to hedge against market volatility and manage digital asset portfolios.
By allowing professional investors to use options and structured notes, DBS is expanding the horizon for crypto asset exposure. Institutional clients can now invest with confidence using advanced investment strategies, backed by DBS' robust banking infrastructure.
This move aligns with DBS' broader push into Web3 technology. Recent projects include launching blockchain-based Treasury Tokens and integrating blockchain into grant distribution systems.
Singapore’s supportive banking environment continues to put it at the forefront of crypto adoption, outpacing other jurisdictions like Hong Kong and the UAE. 🇸🇬
Disclaimer: This post is for informational purposes only and should not be taken as financial or investment advice. Please consult with a financial advisor before making any investment decisions.
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