DBS Bank to Launch Crypto Options and Structured Notes for Institutions in Q4 2024
DBS Bank will introduce over-the-counter (OTC) crypto options and structured notes for institutional clients in Q4 2024. These will provide exposure to Bitcoin and Ethereum.
Key points:
- Launch date: DBS Bank plans to roll out the services in Q4 2024.
- Target audience: Available to institutional investors and accredited wealth clients.
- Crypto focus: The offerings will be linked to $BTC and $ETH.
- Advanced strategies: Products allow clients to hedge and manage crypto portfolio volatility.
- Expansion of digital assets: Builds on DBS’s existing cryptocurrency services, including the DBS Digital Exchange (DDEx).
DBS Expands Crypto Offerings with New Products:
DBS Bank, Singapore’s largest bank, will launch OTC crypto options and structured notes in Q4 2024.
These offerings target institutional investors and high-net-worth individuals. The goal is to provide new ways to access major cryptocurrencies like $BTC and $ETH.
This expansion builds on the success of the DBS Digital Exchange (DDEx). The exchange has seen significant growth in trading volumes and active clients.
Read more: Sony Bank and Soneium Partner to Launch Japan’s First Yen-Linked Stablecoin
Now, DBS aims to offer institutional-grade access to digital assets. The new crypto options will help clients hedge their cryptocurrency holdings. Structured notes will offer more ways to diversify portfolios.
According to Jacky Tai, Group Head of Trading and Structuring at DBS, professional investors are increasing their allocations to digital assets.
Read more: Japan’s Major Banks to Test Cross-Border Stablecoin Transfer Platform
The launch of these financial products will allow clients to use advanced strategies, such as hedging, to better manage risks and rewards. The launch comes at a time when the cryptocurrency market is growing.
DBS reported an 80% rise in assets under custody and a 36% increase in active trading clients earlier this year.
