Singapore’s DBS Bank launches digital bond security token
Institutional or accredited investors signed up to the DBS Digital Exchange will be able to access secondary markets for DBS’s digital bond. Singapore-based multinational banking corporation, DBS Bank, has launched its first-ever security token offering, or STO, by issuing a digital bond.The DBS digital bond has been priced at $11.35 million and comes with a six-month tenor and coupon rate of 0.60% annually. The offering was carried out through a private placement hosted by DBS Digital Exchange, or DDEx, marking DDEx’s first STO.To encourage investor engagement, the bond is set to be....
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In hopes to grow its financial products on the DBS Digital Exchange (DDex), Singapore’s DBS Bank just announced its issuance of a $11.3 million digital bond in its security token offering (STO). A security token offering is similar to that of an IPO, in that it’s a type of public offering where tokenized digital securities […]
DBS, Southeast Asia’s largest bank, has launched its first security token offering (STO) on its cryptocurrency exchange. The DBS Digital Bond is priced at 15 million Singapore dollars. “We expect asset tokenization to increasingly become more mainstream,” said a DBS executive. DBS’ First Security Token Offering DBS announced Monday its first security token offering (STO) on the DBS Digital Exchange (Ddex). The DBS Digital Bond, priced at 15 million Singapore dollars (US$11.37 million), comes with a six-month tenor and coupon rate of 0.60% per annum. It is offered as....
With atomic settlement technology, the company said its digital bond settles through the SIX Digital Exchange (SDX), not requiring a central clearing counterparty. Swiss investment bank UBS AG introduced its hybrid digital bond on Nov. 3, claiming to be the world's first publicly traded and settled on both blockchain-based and traditional exchanges.According to the bank, the digital bond has the same instrument structure, legal status and rating as a traditional UBS AG senior unsecured note. In its statement, the bank said:"Through this bond, UBS enables investors, regardless of whether....
Following the release of Singapore’s digital asset framework, the country’s largest bank expanded its members-only digital exchange to 100,000 more clients.
Another global bank believes that digital assets are the future of the global economy. DBS, Singapore’s largest retail and commercial bank, seems to be entering the cryptocurrency space with three new offerings.According to information seen by Cointelegrpah, DBS is launching cryptocurrency trading and custody as well as a platform for conducting security token offerings.Snapshot of new services to be offered by DBS. Source: CointelegraphAccording to a description of the platform seen by Cointelegraph, DBS’ upcoming crypto service — the DBS Digital Exchange — will support five major....