Key Takeaways
- DBS will offer cryptocurrency options and structured notes to clients.
- These products are linked to Bitcoin prices.
- DDEx reported a nearly threefold increase in digital asset trading in 2024.
DBS, the largest bank in Southeast Asia, announced the launch of over-the-counter Bitcoin and Ethereum options trading and structured notes for institutional investors and accredited wealth clients.
Beginning in Q4 2024, eligible clients will be able to hedge against volatility or potentially earn yield on BTC and ETH through these products.
Current status
Currently, DBS clients trade cryptocurrencies via the DBS Digital Exchange (DDEx).
With the new options and structured notes, clients can further diversify their portfolios by leveraging strategies like buying put options to manage Bitcoin price fluctuations.
DBS has seen significant growth in digital asset transactions, with digital assets traded on DDEx nearly tripling in value in the first five months of 2024 compared to the same period in 2023.
Jacky Tai, Group Head of Trading and Structuring at DBS, stated:
These financial products are an expansion of the bank’s value proposition to provide clients trusted institutional-grade access to the digital asset ecosystem.
DBS will offer these new products to eligible clients who custody their Bitcoin with the bank, reinforcing its position as a leader in Asia’s digital asset market.
