SDX Chief Gets Philosophical About Crypto’s Swiss-Singapore Connection
The crypto corridor connecting Switzerland and Singapore is firming up, involving many of the usual suspects in banking, custody and trading.
Banks and financial regulators should facilitate the tokenization of the financial system, DBS CEO Piyush Gupta said during Consensus 2021.
The study found the correlation with S&P 500 futures rose during big bitcoin moves.
The DBS Digital Bond, issued via its Digital Exchange (DDEx), has a sixth-month expiry and a coupon rate of 0.6% per annum.
The bank becomes the first in Asia to offer crypto trust services providing custody and trading.
The platform, to be dubbed “Partior,” will seek to disrupt the traditional payments model and the common pain points that come with it.