Singapore-headquartered DBS Financial institution right this moment reported a full yr of profitable operations by its digital asset initiatives, together with its members-only DBS Digital Trade (DDEx)
The DDEx platform, which was launched in December 2020 and underpins the financial institution’s digital asset ecosystem, leverages blockchain to supply buying and selling and custodian providers for digital belongings, together with safety tokens and cryptocurrencies The platform gives an avenue for traders to put money into historically illiquid asset courses
In an replace shared with media, the financial institution revealed that the platform had recorded over S$ 1 1 billion ($815 million) in buying and selling worth for the 2021 monetary yr Its digital belongings beneath custody additionally sat at S$ 800 million on the finish of December, a…
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