Blogs & Articles: DBS Bank in Singapore Set To Introduce Bitcoin and Crypto Options for Institutional Investors 🔗 2 days ago

DBS, the largest bank in Singapore, has announced plans to offer over-the-counter (OTC) options trading and structured notes tied to Bitcoin and cryptocurrencies for its institutional clients.

With over $360 billion in assets under management, DBS joins the growing number of traditional financial institutions venturing into Bitcoin-related products. 

The bank will begin offering these services to eligible institutional investors and accredited DBS Private Bank clients starting in Q4 2024, enabling them to gain customized exposure to Bitcoin and crypto through OTC options. 

This move comes in response to increasing demand from professional investors seeking to incorporate digital assets into their portfolios.

A DBS executive stated that "professional investors are increasingly allocating to digital assets in their portfolios. Now, our clients have an alternative channel to build exposure to the asset class and incorporate advanced investment strategies."

This announcement follows a trend of major financial players launching Bitcoin and crypto products, spurred by the success of Spot Bitcoin ETFs in the U.S. earlier this year. 

Last month, CME Group also revealed plans to expand its digital asset derivatives lineup with the introduction of Bitcoin Friday futures (BFF).

As more institutions like DBS enter the market, Bitcoin is becoming increasingly recognized as a legitimate asset class for institutional investors across Asia and globally. 

Experts believe that if more leading banks in the region follow DBS's example, it could significantly enhance access to Bitcoin investment options and boost mainstream adoption.