Asia banking giant DBS jumps into The Sandbox metaverse

DBS Bank Ltd., the largest lender in Southeast Asia, said it has partnered with The Sandbox, a blockchain-based metaverse gaming platform, to build new services for clients in the 3D virtual world that uses digital avatars. DBS said it will buy land in the metaverse to create the ‘DBS BetterWorld’ and build a virtual community.

DBS is the first company in Singapore to sign a partnership with The Sandbox, a unit of Hong Kong-based Animoca Brands, and the first bank in the city-state to enter the metaverse, DBS said in a statement.