DBS Launches Security Token Offering

Published on: 01.06.2021

The Singaporean multinational banking and financial services corporation DBS launches its first security token offerring worth S$15 Million in DBS Digital Exchange.

The digital bonds will be issued in a private placement with a six-month tenor and a coupon rate of 0.60% per annum with DBS being the sole bookrunner.

The digital bond will be traded in lots of S$10,000 which is lesser than the traditional wholesale bonds in Singapore.

The issuance of STOs on digital securities exchanges presents a way for companies to raise funds via alternative platforms.

This marks another milestone for the DBS for expanding offerrings in DBS Digital Exchange and exploring the growing asset tokenization industry.

#SmartCrypto

Market Stats:
BTC Dominance: 61.79%(+0.54%/24h)
ETH Dominance: 11.25%(-0.17%/24h)
Defi Market Cap: $123.33B(-19.70%/24h)
Total Market Cap: $3610.73B(-2.08%/24h)
Total Trading Volume 24h: $134.58B(-35.43%/24h)
ETH Market Cap: $407.23B
Defi to ETH Ratio: 30.29%
Defi Dominance: 3.35%
Altcoin Market Cap: $1379.57B
Altcoin Volume 24h: $78.14B
Total Cryptocurrencies: 35498
Active Cryptocurrencies: 9480
Active Market Pairs: 106642
Active Exchanges: 836
Total Exchanges: 10801
BTC: 111965.99$(-0.42%/1H)
ETH: 3358.15$(-0.91%/1H)
AVAX: 20.68$(-0.46%/1H)
BNB: 732.96$(-0.18%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.69$(-0.39%/1H)
DOT: 3.48$(-0.28%/1H)
UNI: 8.71$(-0.24%/1H)
CAKE: 2.5$(-0.14%/1H)
SUSHI: 0.73$(-0.38%/1H)
ONE: 0.01$(-0.6%/1H)