Singapore’s largest bank is advancing its blockchain strategy by offering tokenized structured notes on the Ethereum public blockchain. This initiative opens up complex financial products, traditionally reserved for private clients, to a broader audience.

According to a press release from DBS, these financial instruments will be available through local exchanges such as ADDX, DigiFT, and HydraX. It’s a significant step as DBS branches out to accredited and institutional investors outside their existing client base.

Key Points:

• DBS Bank has introduced tokenized structured notes on the Ethereum blockchain, making complex financial products more accessible.
• The newly created crypto-linked participation note provides cash payouts when digital asset prices rise, while also limiting potential losses.
• By segmenting notes into $1,000 units, DBS enhances their fungibility and liquidity, attracting family offices and professional investors.

During the first half of 2025, DBS customers engaged in over $1 billion of transactions involving these new products, with a marked increase in trade volumes.

This development comes amid Singapore’s burgeoning role as a center for tokenized finance, supported by the advances of the Monetary Authority of Singapore through Project Guardian, which examines the tokenization of a variety of assets.

“Asset tokenization represents the next evolution in financial markets infrastructure,” explains Li Zhen from DBS. “Our first tokenized product meets the increasing institutional interest in digital assets, allowing a wider range of investors to engage with our digital asset ecosystem.”

As DBS looks to the future, the objective is to tokenize more traditional equity and credit-linked notes, thus further expanding investment possibilities.