DBS Bank of Singapore plans to launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients.
DBS will be the first Asian-headquartered bank to offer financial products tied to the value of Bitcoin and Ethereum.
The crypto options and structured notes products will be available to eligible institutional investors and accredited clients of DBS Private Bank and DBS Treasures Private Client.
The new products build on DBS Bank's existing crypto services through DBS Digital Exchange (DDEx) and provide clients with additional ways to engage with digital assets.