Singapore’s DBS Bank is set to revolutionize cryptocurrency investment by offering over-the-counter cryptocurrency options trading and structured notes to institutional and accredited investors beginning Q4 2024. This initiative marks DBS as Asia’s first financial institution to link traditional financial products with Bitcoin and Ethereum values. “Professional investors are increasingly including digital assets in their portfolios,” noted Jacky Tai, DBS group head of trading and structuring.

The bank’s current crypto services include trading through its DBS Digital Exchange. The upcoming expansion allows for sophisticated investment tactics such as options trading, where clients can hedge against Bitcoin’s volatility by purchasing put options, securing a sell price regardless of market dips.

Adding to its innovative strides, DBS introduced a blockchain-based smart contract system in August to enhance the transparency and efficiency of government grant distributions. This underlines DBS’s commitment to integrating advanced technology with traditional banking, catering exclusively to its elite clientele.

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