DBS Launches Security Token Offering
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.
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