According to DBS, the digital adheres to the current bond legal framework, thereby according investors the same legal certainties and protections over their rights as traditional bonds.
DBS has priced a $15 million digital bond, the first security token offering (STO) on the DBS Digital Exchange (DDEx) which launched last December.
The six-month digital bond has a coupon rate of 0.6% per annum, and was done through a private placement. DBS is the sole bookrunner for the transaction.
