DBS wants to facilitate crypto trading in Hong Kong as China expands the BSN to the Middle East

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DBS wants to facilitate crypto trading in Hong Kong as China expands the BSN to the Middle East Bitcoin China HongKong

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Paredes said that DBS understands the risks associated with digital assets and is willing to become one of the first lenders offering crypto in Hong Kong once the regulations are clear and DBS “understands exactly the framework” around participation. Then in November, DBS announced that it had begun the process of integrating decentralized finance applications into its markets with the launch of a trading test of foreign exchange and government securities that used permissioned DeFi liquidity pools. The test was part of Project Guardian, a collaborative cross-industry effort pioneered by the Monetary Authority of Singapore , the city-state’s central bank, to explore the tokenization of traditional assets.

 

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