⚠️ A few words about DBS, the bank was just discovered to be holding 173.7K $ETH worth about $650M, of which the current profit is about $200M, according to NansenAi
- DBS Bank Limited is a Singaporean multinational banking and financial services corporation
- One of the Big Three banks in Singapore along with OCBC Bank and the United Overseas Bank (UOB)
- The largest bank in Southeast Asia by assets and among the largest banks in Asia
- As of Dec 31 2023, its total assets are S$738B
- DBS's largest and controlling shareholder is Temasek Holdings (29% of DBS shares)
- Best Digital Bank in the world Award in 2016 by Euromoney
- Safest Bank in Asia Award from 2009 - 2015 by Global Finance
- Is the parent company of POSB Bank, the oldest local bank in continuous operation in Singapore
The funny things are they don't own any Bitcoin and this news come out right before the Ethereum Spot ETFs are about to start trading 😆
