Singapore-based DBS Launches Crypto Trust Solution For Private Banking Clients
Leading Singapore-based private bank DBS introduces the first bank-backed trust offering for cryptocurrencies in Asia.
The trust offering will be handled by DBS Trustee,the bank’s wholly-owned licensed trust subsidiary that will allow private banking clients to invest, custodise and manage digital assets.
The service will only accept cryptocurrencies handled in the DBS Digital Exchange such as Bitcoin, Ethereum , Bitcoin Cash and XRP.
With this new trust solution, private banking clients will have ease on integrating their crypto assets in the DBS Private Bank.
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