DBS bank in Singapore will tokenize structured notes using Ethereum, partnering with digital platforms ADDX, DigiFT, and HydraX. The first tokenized note will be linked to Bitcoin’s performance, providing investors exposure to cryptocurrencies without managing them directly.

Structured notes blend debt securities and derivatives to offer investors exposure to various assets. DBS’s new product will use cryptocurrencies as the underlying asset, allowing investors to benefit from price increases while mitigating potential losses.

DBS aims to make assets more fungible and easier to trade through tokenization. Head of Foreign Exchange and Digital Assets, Li Zhen, stated that asset tokenization is the next frontier of financial markets infrastructure, addressing the growing institutional appetite for digital assets.

EToro plans to tokenize stocks on Ethereum and offer 24/7 trading, following in the footsteps of BlackRock, which debuted its first tokenized fund on Ethereum last year. Major financial institutions like Bank of America and Citi are also exploring tokenization initiatives, as highlighted in a recent World Economic Forum report.

Read more at Yahoo Finance: Singapore Bank DBS Debuts Tokenized Structured Notes on Ethereum