Cryptocurrency Analysis and News Portal
Singapore-based DBS Bank’s brokerage arm has received “in principal” approval to begin offering crypto services to asset managers and companies. DBS Bank Launches Crypto Services According to a Cryptox report published today, major Singaporean bank DBS Bank’s brokerage arm – DBS Vickers – has finally obtained the go-ahead from the national financial
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U.S. investment bank J.P. Morgan is partnering with Singapore’s DBS Bank and state-owned investment company Temasek to form a technology company for developing a blockchain-based platform for payments. The company, named Partior, aims to reduce frictions in cross-border payments, trade and foreign exchange settlement, according to a joint statement. Partior — which
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Major American investment bank JPMorgan is working with Singapore’s largest bank, DBS, and state investment firm Temasek to launch a new blockchain company focused on global payments and interbank transactions.Dubbed Partior, the new firm will use blockchain technology and digitize commercial bank money to reduce the existing friction in cross-border
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The massive attention that cryptocurrencies and blockchain technology have received in past months called the attention of DBS Bank.Singapore’s largest bank, DBS Bank, announced the arrival of crypto trading next week, with the integration of DBS Digital Exchange as a subsidiary of the bank. According to a recent press release,
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DBS Bank of Singapore has officially announced the arrival of its digital assets exchange, with trading to start next week.The DBS Digital Exchange is 10% owned by Singapore’s SGX stock exchange. It will also provide tokenization of securities and other assets, as well as bank-grade custody for digital assets.The new
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Minutes after DBS announced its foray into the cryptocurrency exchange business, Bitcoin resumed its uptrend. Another Bitcoin Rally The BTC/USD exchange
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DBS is planning to launch an exchange for trading bitcoin and other cryptocurrencies, according to a cached website page. Source
Read MoreThe Singapore-based multinational banking entity DBS and Standard Chartered have completed the proof-of-oncept of their blockchain trade finance platform called the Trade Finance Registry.The two entities developed the PoC in collaboration with 12 other banks on top of the blockchain platform of Singapore-headquartered company dltledgers. dltledgers told Cryptox that the
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“A pandemic-led acceleration of adoption.” That’s how Singapore-based DBS Bank describes the current state of digital assets in its quarterly report on cryptocurrencies published in August. It’s interesting to hear such an observation from a respected multinational bank and its chief economist, Taimur Baig. However, there have lately been murmurings about certain
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