The new platform will start working next week. Its clients will be able to make transactions with bitcoin and three more popular digital coins.
Singapore's largest bank DBS has announced the launch of an exchange for trading DBS Digital Exchange. The Singapore Stock Exchange will receive a 10% stake in the new platform.
The launch of the platform is scheduled for next week. Only institutional and accredited investors will be able to trade on it. Transactions can be made with four cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Ripple token (XRP). Also, 4 national currencies will be available for trading - the Singapore dollar, the US dollar, the Hong Kong dollar and the Japanese yen.
In addition to working with cryptocurrency, the platform will provide the ability to issue and trade asset-backed digital tokens. The company also introduced a custodian service for storing digital assets.
At the end of November, Sberbank announced plans to launch a service for buying digital assets. The head of the company, German Gref, said that the company wants to bring to the market a blockchain platform for working with a new class of assets, and is also considering the possibility of issuing its digital currency Sbercoin.
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