
According to DBS, the bank has expanded its digital asset strategy with tokenized crypto-linked notes on Ethereum, aiming to meet rising institutional demand in Singapore’s growing tokenized finance sector.
DBS, Singapore’s largest bank, announced the launch of tokenized structured notes on the Ethereum public blockchain as part of its blockchain strategy. Initially available to eligible investors via platforms such as ADDX, DigiFT, and HydraX, the bank plans broader distribution. Its first tokenized product, a crypto-linked note, allows exposure to cryptocurrency price movements without directly holding digital assets. DBS reported over US$1 billion in client trades involving such instruments in the first half of 2025, with volumes increasing 60% from Q1 to Q2. The bank will also tokenize equity-linked and credit-linked notes to broaden access beyond private clients.