General Announcement::DBS TO LAUNCH FULL SERVICE DIGITAL EXCHANGE

Issuer & Securities

Issuer/ Manager
DBS GROUP HOLDINGS LTD
Securities
DBS GROUP HOLDINGS LTD - SG1L01001701 - D05
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
10-Dec-2020 17:05:58
Status
New
Announcement Sub Title
DBS TO LAUNCH FULL SERVICE DIGITAL EXCHANGE
Announcement Reference
SG201210OTHRHEHK
Submitted By (Co./ Ind. Name)
TEOH CHIA-YIN
Designation
GROUP SECRETARY
Description (Please provide a detailed description of the event in the box below)
DBS wishes to announce that it will set up a digital exchange, enabling Institutional Investors and Accredited Investors to tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets. The announcement follows the in-principle approval by the Monetary Authority of Singapore to recognise DBS Digital Exchange as a Recognised Market Operator, allowing it to operate organised markets for assets such as shares, bonds and private equity funds.

The Singapore Exchange will take a 10% stake in the DBS Digital Exchange. Both parties will explore opportunities to deepen the liquidity, scale and growth of Singapore's capital markets in the growing area of digital assets and digital currencies.

Please see attached for more details.

Attachments

DBS Digital Exchange_media release.pdf
Total size =454K