The new trust offering applies only to cryptocurrencies hosted on the DBS Digital Exchange (DDEX), which includes Bitcoin, Ether, Bitcoin Cash and XRP.
DBS Private Bank has, on May 14, launched a trust solution for cryptocurrencies, making it Asia’s first bank-backed trust solution for the asset class.
The solution was launched via DBS Trustee, DBS’s wholly-owned, licensed trust company, to enable the bank’s private clients to invest, custodise and manage their digital assets in a safe, secure and structured manner.
