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Cryptocurrency News Articles
DBS Bank to Introduce Digital Currency Options Trading and Structured Notes for Institutional Investors
Sep 27, 2024 at 11:00 am
Singapore’s banking giant, DBS Bank (NASDAQ: DBSDY), is positioning itself as the first Asian-headquartered bank to introduce digital currency options trading and structured notes for institutional investors.
Singaporean banking giant DBS Bank (NASDAQ: DBSDY) is set to become the first Asian-headquartered bank to introduce digital currency options trading and structured notes for institutional investors.
The new service, slated to launch in Q4 2024, will enable eligible institutional investors and accredited wealth clients to access financial products directly linked to the prices of BTC and Ethereum, two of the leading digital currencies by market capitalization.
This marks a significant step in the engagement of traditional banking institutions with digital assets.
Expanding digital asset access for wealth clients
DBS clients can currently trade digital currencies and security tokens on the DBS Digital Exchange (DDEx). However, the upcoming launch will allow eligible clients to participate in over-the-counter (OTC) options trading and structured notes, enabling them to further diversify their portfolios.
These offerings will empower investors to manage volatility, hedge their positions, and potentially generate yields.
Depending on the specific product structure and the price movements of the underlying digital currencies, clients can either earn yield on their fiat holdings or choose to take delivery of the cryptocurrencies themselves.
For example, clients seeking to hedge their exposure to BTC's volatility can purchase a put option, allowing them to sell BTC at a set price in the future, irrespective of any price decreases.
Hedging solutions for professional investors
These new financial products from DBS cater to the growing needs of professional investors who are increasingly allocating a portion of their portfolios to digital assets.
Highlighting the importance of these offerings, Jacky Tai, Group Head of Trading and Structuring at DBS’ Global Financial Markets, said, “Professional investors are increasingly allocating to digital assets in their portfolios. Underpinned by DBS’ strong credit ratings and longstanding expertise in structuring solutions, these financial products are an expansion of the bank’s value proposition to provide clients trusted institutional-grade access to the digital asset ecosystem.”
Tai further explained that these new channels will enable clients to adopt advanced investment strategies to better manage their digital asset portfolios.
DBS' entry into structured digital currency products will enhance the spectrum of investment opportunities, allowing wealth clients to both capitalize on market movements and safeguard against price fluctuations in volatile digital currencies like BTC and Ethereum.
Rising interest in safe-haven digital asset platforms
The launch of these structured notes and options products aligns with the rapid growth in the digital currency market. In the first five months of 2024, the market capitalization of digital currencies increased by approximately 50%.
During this same period, DBS reported that its digital asset trading platform, DDEx, saw nearly triple the value of assets traded in Singapore dollar terms.
There was also a significant increase in DDEx's user base, with a 36% rise in active trading clients. Notably, the value of digital assets under DBS custodianship surged by over 80% in Singapore-dollar terms.
The exchange experienced a net inflow of client deposits as many sought the bank's secure, institution-grade platform for digital asset custody and trading.
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