Singapore’s largest bank DBS to offer crypto services to 300,000 investors

Singapore’s largest bank DBS hinted at plans to open its cryptocurrency and digital asset services to 300,000 high-net-worth clients across Asia, the Financial Times reported.

The leading bank received a virtual currency license from the Monetary Authority of Singapore in 2021 to offer crypto services to its clients. So far, DBS has offered the service to only 1,000 institutional clients on an invite-only basis.