dbs

DBS and Citibank's New York office completed a cross-border payment in US dollars between Singapore and the United States on September 5 using tokenized deposits through the Swift Digital Ledger. The transaction was executed over the weekend and took only a few minutes, while traditional cross-border payments typically take up to two business days, allowing businesses to avoid losing time due to time zone differences and weekend gaps. This is the second confirmed real-time application of the ledger, following HSBC and Standard Chartered's completion of the first real-time tokenized deposit cross-border transaction in August. Swift announced the ledger's preliminary availability on July 9, with 17 banks ready to pilot it, and DBS is the only bank headquartered in Asia among the 12 core design group members. DBS Group Chief Operating Officer Rachel Chew stated that the Swift Digital Ledger is connecting traditional banking infrastructure with emerging digital networks to drive the practical application of tokenized currency from experimentation. Citibank's Head of South Asia Services Mridula Iyer noted that weekend real-time transactions prove that around-the-clock cross-border payments have become a reality. DBS will launch DBS Token Services in 2024, offering 24/7 programmable instant value transfer services.

According to Cointelegraph, DBS Bank has partnered with Citibank to utilize a blockchain-based ledger from Swift to achieve instant, round-the-clock cross-border dollar payments through tokenized deposits.

According to Jinshi News, the CEO of DBS Bank stated that he does not expect the Federal Reserve to raise interest rates this year, but will trade based on market expectations.

According to CoinDesk, Singapore's DBS Bank plans to offer tokenized gold trading to retail customers in the second half of 2026. DBS Bank will launch a product called "DBS Physical Gold Token" on its digital banking platform and is considering listing it on the DBS Digital Exchange (DDEx), which is tailored for qualified investors and institutions.Each token is backed by 1 gram of physical gold held in a dedicated vault by DBS Bank in Singapore. DBS Bank stated that the token will be self-issued and managed. James Tan, head of investment products at DBS Bank, mentioned that previously retail customers could only purchase gold funds, while physical gold was primarily available to institutions and qualified investors; this tokenization will expand access.

According to Arkham data, at 15:29, Wintermute transferred 3,000 ETH to DBS Bank, worth approximately 6.16 million USD.

According to monitoring by The Data Nerd, DBS (0x...) transferred 3 million USDC to Galaxy Digital, possibly for purchasing ETH.

According to on-chain analyst The Data Nerd, DBS Bank received approximately 2,500 Ethereum (worth about $5.85 million) from Wintermute in the past hour.In the past week, DBS Bank has accumulated 24,898 Ethereum (approximately $61.34 million) from Wintermute, with an average entry price of about $2,463.

According to Arkham data, at 14:28, 3000 ETH (worth approximately 9.96 million USD) was transferred from DBS Bank to a cold wallet of DBS Bank.

According to Arkham data, at 08:38, 3000 ETH (worth approximately 9.63 million USD) was transferred from Wintermute to DBS Bank.

According to on-chain analyst The Data Nerd (@OnchainDataNerd), GSR transferred a total of 4,400 ETH to DBS Bank over the past two days, worth approximately $13.2 million, including a recent transfer of 2,000 ETH (about $5.93 million).

According to on-chain analyst The Data Nerd (@OnchainDataNerd), DBS Bank received 3,000 ETH from market maker GSR again 7 hours ago, worth approximately $8.48 million.

Singapore's largest bank, DBS, received 2,000 ETH, worth approximately $6.27 million, from Galaxy Digital 7 hours ago.Currently, the bank holds 158,770 ETH (worth about $499 million) and 7,861 BTC (worth about $706.5 million), with a total holding value of over $1.2 billion.

According to Arkham data, at 12:12, 2,500 ETH (worth approximately 7.14 million USD) was transferred from GSR Markets to DBS Bank.

According to reports, investment management company Franklin Templeton announced on November 10 that it will collaborate with DBS Bank to launch Singapore's first tokenized money market fund.The fund is named Franklin Onchain U.S. Dollar Short-Term Money Market Fund and has been approved by the Monetary Authority of Singapore (MAS) as a recognized scheme.The fund was developed in collaboration with DBS Bank and will initially be open to wealth clients and accredited investors through DBS Bank, with plans to open to retail investors in the first quarter of 2026, with a minimum investment of $20.

According to The Block, Singapore's DBS Bank and JPMorgan's Kinexys are developing an interoperability framework aimed at enabling tokenized deposit transfers between the blockchain ecosystems of the two institutions. This framework will allow customers to conduct real-time transactions around the clock between public and permissioned blockchain networks, breaking down barriers traditionally caused by limited interoperability and security risks.Reportedly, customers using the JPM deposit token built on the Ethereum Layer 2 Base will be able to interact with DBS's token services running on a permissioned blockchain. This collaboration is part of a global trend among financial institutions towards tokenization, with recent announcements from BNY Mellon and major UK banks including Barclays, Lloyds, and HSBC launching similar projects.According to the BIS 2024 report, nearly one-third of surveyed jurisdictions' commercial banks have launched, piloted, or researched tokenized deposits.

ChainCatcher news, according to Jinshi reports, DBS Bank and Goldman Sachs have completed their first interbank over-the-counter cryptocurrency options transaction.

ChainCatcher news, according to Cointelegraph, DBS Bank Hong Kong CEO Sebastian Paredes stated that Hong Kong's anti-money laundering (AML) and know your customer (KYC) regulations regarding stablecoins will severely limit their use in on-chain derivatives trading. He mentioned that the bank will pay attention to relevant developments but will focus on building a broader stablecoin service capability in Hong Kong.

ChainCatcher news, according to Jinshi reports, DBS Bank stated that the number of rate cuts by the Federal Reserve will be fewer than the market expects.

ChainCatcher news, according to Jinshi reports, Fosun Wealth Holdings announced on August 22 that it has become one of the distributors of tokenized structured notes for Singapore's largest bank, DBS Bank. This product is a participation note linked to cryptocurrencies, which pays cash returns when the price of digital assets rises, while limiting downside risk.

ChainCatcher news, according to CoinDesk, Singapore's largest bank DBS (Development Bank of Singapore) announced the issuance of tokenized structured notes on the Ethereum public chain, open to qualified and institutional investors at local exchanges ADDX, DigiFT, and HydraX.The first product is a participation note linked to crypto assets, cash-settled on price increases and limiting losses on price decreases. The note unit has been reduced from the traditional $100,000 to $1,000, enhancing liquidity and trading convenience. In the first half of 2025, the trading volume of related products exceeded $1 billion, with a nearly 60% quarter-on-quarter growth in Q2. DBS will subsequently expand into equity and credit notes.