OCBC Bank Mulls Setting Up Crypto Exchange: CEO

Southeast Asia’s second-largest bank is looking into a digital asset exchange to satisfy customer demand.

AccessTimeIconNov 19, 2021 at 12:26 p.m. UTC
Updated May 11, 2023 at 4:03 p.m. UTC
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Oversea-Chinese Banking Corporation (OCBC Bank) is mulling creating a crypto exchange, the bank’s CEO Helen Wong said in an interview with Bloomberg Television today.

  • “We are looking at it and seriously there are some work being done in the bank,” Wong said, adding that the bank wants to address customer needs “in a safe manner.”
  • At the end of last year, Singapore-based OCBC had $121 billion in assets under management, making it the second-largest bank in Southeast Asia.
  • OCBC rival DBS launched a crypto exchange in December 2020. DBS Vickers, the bank’s brokerage arm, received a license to offer crypto services from the Monetary Authority of Singapore in October.


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Eliza Gkritsi

Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI.


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