DBS Bank issued digital bonds on $11 million through STO – Bits Media

Multinational Bank DBS Issues Digital Bonds on 15 million Singapore dollars ($11.3 million) within the framework of the first offer of tokens-shares (STO) Through its own exchange Exchange.

According to the press release of the bank, DIBS digital bonds, released through the exchange Digital Exchange (DDEx), have a six months circulation time and a coupon in the amount 0.6% annual. The bank was the only bookranner of the transaction, which was carried out by private placement. Unlike traditional wholesale bonds, Digital bonds will be sold by lots by 10 000 Singapore dollars ($7 600).

DBS said, that this step opens up the opportunity to other issuers and clients to use the DDEX infrastructure for “effective access to capital markets” to satisfy their financing needs and creates a precedent for further STO and Listing. Digital bonds correspond to the current regulatory base, providing investors with the same legal certainty and protection of their rights, As in the case of traditional bonds.

“Our first Sto listing on the DBS digital exchange has become an important milestone, Since it emphasizes the strength of our ecosystem of digital assets in access to new methods of disclosing value for issuers and investors ”, -said the head of the group of capital markets in the DBS Engine of the Sith of my (Eng-Ke).

Listing demonstrates the bank's ability to provide integrated solutions for the entire chain of creating the value of digital assets, She said Sith. According to her, The bank expects, that tokenization will become more common, Since his clients will begin to use Sto in the framework of their capital collection activities. Securities are available for secondary trade between institutional and accredited investors - the final clients of the bank digital exchange.

Recall, that in December last year DBS launched the DBS Digital Exchange exchange exchange, And in May the bank introduced a cryptocurrency trust service.