Singapore’s DBS Bank shared its DBS Digital Exchange progress during its quarterly financial update and added details about Partior, the blockchain payments joint venture with JP Morgan and Temasek.
CEO Piyush Gupta said that the DBS Digital Exchange, the digital assets platform launched in December 2020, had $80 million in assets under custody. Trading volumes are $30 – $40 million and there are 120 customers so far with a much larger pipeline. As previously announced, the solution is targeting accredited investors and institutions.
Going forward, there are plans for its first security token offering during the current quarter, and operating hours will be expanded from Asian business hours to 24/7.
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