DBS has announced the tokenisation of structured notes on the Ethereum public blockchain, making them available to eligible investors through digital platforms such as ADDX, DigiFT, and HydraX. This initiative marks DBS’s first token distribution of crypto-linked structured notes, allowing non-DBS clients to access these assets via the bank’s digital ecosystem. The move addresses the increasing demand for digital assets, with DBS clients trading over $1 billion in crypto options and structured notes in the first half of 2025.
The tokenisation process transforms structured notes, traditionally requiring a minimum investment of $100,000, into more accessible $1,000 tokens. This makes them fungible and easier to trade, offering investors greater flexibility in portfolio management. The initiative is particularly timely as Singapore continues to grow as a wealth management hub, with the number of single family offices exceeding 2,000 in 2024.
DBS’s first tokenised product is a cash-settled cryptocurrency-linked participation note, which provides investors with a cash payout when cryptocurrency prices rise, whilst mitigating potential losses if prices fall. This product is part of DBS’s broader strategy to offer advanced investment strategies and expand access to a wide range of asset classes, including equity-linked and credit-linked notes.
Li Zhen, Head of Foreign Exchange and Digital Assets at DBS, stated, “Asset tokenisation is the next frontier of financial markets infrastructure. By leveraging DBS’s strong credit ratings, partnerships, and capabilities, more investors can now tap our solutions to better manage their portfolios.”
The bank’s initiative is set to broaden access to sophisticated financial instruments, catering to the growing institutional appetite for digital assets.
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