News list for "DBS"
DBS Hong Kong has announced that all DBS Treasures and DBS Wealth Private Banking Clients (PB TPC) can now start trading cryptocurrency exchange traded funds (ETFs) on the DBS Digibank app, and the virtual asset knowledge customer confirmation has also been officially launched. It is reported that the minimum requirement for DBS Wealth Banking Client accounts is HK $1 million, while the minimum requirement for DBS Wealth Private Banking Client accounts is HK $8 million.
Lin Xinchuan, Chief Strategy Officer and Managing Director of DBS Bank, said that the parent bank of DBS Bank has been actively exploring the application of blockchain technology, and the successful experience is of great reference significance for DBS Bank to promote the integration of blockchain and the financial industry in China, especially Shanghai. As an important trade port city, Shanghai has great potential in blockchain applications, and Singapore's successful projects will definitely a...
DBS Bank of Singapore has launched a new set of services called "DBS Token Service". The new banking product combines tokenization and smart contract-enabled features with its existing banking services. According to the statement, DBS Token Service integrates the bank's permissioned blockchain compatible with the Ethereum virtual machine, its core payment engine, and multiple industry payment infrastructures. In addition, smart contracts enable institutions to programmable...
12:00-21:00 Keywords: dYdX, Aleo, DBS Bank, WalletConnect 1. dYdX will launch perpetual futures in the prediction market. 2. Aleo announces token economics, with 34% allocated to early backers. 3. The market believes that the possibility of a significant interest rate cut by the Federal Reserve has increased, and the dollar has fallen. 4.Circle CEO: USDC Sui Testnet went live today; 5. Eigenpie: Users have been supported to inquire about airdrop allocation and IDO share information; 6. DBS Bank ...
DBS said the market expected a series of rate cuts from the Federal Reserve, but aggressive market pricing could be disappointed and ultimately cause panic. Economist Taimur Baig wrote in a note: "Inflation below 3 per cent and policy rates above 5 per cent tend to be difficult to co-exist, so some monetary easing is necessary. But the rate cuts reflected in the market appear to be too large. For the yield curve to reflect rate cuts of more than 200 basis points over the next 16 months, the US e...
DBS Bank will launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients, continuing to offer financial products pegged to Bitcoin and Ethereum. While DBS did not disclose a specific date, the bank said the issuance of related cryptocurrency products will begin sometime in the fourth quarter of 2024.
DBS FX strategist Philip Wee said in a research note that if the Federal Reserve cuts interest rates by 25 basis points at this week's FOMC meeting, rather than the 50 basis points reflected in the futures market, the dollar index could experience a reflexive rebound. However, he added that going into late 2024 and 2025, the dollar index could weaken further, falling below the 101-107 range seen since December 2022.
DBS Bank investment strategist Deng Zhijian said that the August non-farm this week, the Federal Reserve interest rate cut conditions are sufficient, but should not be too fast; the current rebound in US stocks to a new high lack of substantive support; August US non-farm is expected to be slightly better than last month; September has always been the worst month of the year for US stocks, the operation should not be too aggressive.
DBS Bank of Singapore has launched a solution that uses blockchain technology to streamline the process of issuing government grants. DBS announced that in the pilot, the bank has partnered with Enterprise Singapore (ESG), a statutory board under the Singapore government's Ministry of Trade and Industry, and the Singapore FinTech Association (SFA), which promotes fintech in the country. During the pilot, the State Forestry Administration issued government grants to 27 members. DBS Bank said its ...
12:00-21:00 Keywords: DBS Bank, Mt. Gox, Toncoin, Musk 1. Metaplanet once again purchased 57 bitcoins for 500 million yen; 2. DBS Bank launches a blockchain-powered treasury token pilot project; 3. The US Court of Appeals reopened the HEX manipulation case against Binance.US; 4. MUFJ Morgan Stanley Securities plans to issue digital securities this year. 5. Tether Treasury 1 billion new USDT on the Ethereum network; 6. Arkham: Mt. Gox wallet address is suspected of conducting transfer tests with ...
DBS Bank has partnered with digital payments provider Ant International to launch a new blockchain-based fund and liquidity management solution. DBS Bank today announced the pilot launch of the DBS Treasury Tokens pilot project, which Ant International will use for instant multi-currency fund management and liquidity management. The new DBS Treasury Tokens that Ant International will use exist on a DBS-licensed blockchain for...
DBS FX analyst Philip Wee noted that the dollar index was little changed at 104.07 ahead of today's FOMC meeting. During the overnight session, the dollar touched 104.80 at one point, close to where it fell on July 11 due to weaker U.S. CPI inflation. The Federal Reserve should leave the door open for a rate cut without backing up the market's aggressive bet (110% probability) on a September rate cut before seeing the U.S. unemployment data on August 2 and the CPI data on August 14. Suppose the ...
Philip Wee, Senior FX Strategist at DBS, noted that although the futures market sees a more than 100% chance of the Federal Reserve cutting interest rates in September, the twists and turns of the US presidential election and the positioning squaring of the yen carry trade have clouded the outlook for the dollar. In addition, the yen and the Swiss franc have emerged as safe haven currencies against the backdrop of a sell-off in technology stocks. At the July FOMC meeting, the Fed should leave th...
DBS Bank recently announced that the value of digital payment tokens traded on its digital exchange increased significantly in the first five months of 2024. DBS detailed: "The value (in Singapore dollars) of digital payment tokens traded on the DBS Digital Exchange (Ddex) has almost tripled in the first five months of this year compared to the same period in 2023, the number of active trading customers has increased by 36%, while digital assets held in DBS custody (in Singapore dollars) have sk...
Daryl Ho, senior investment strategist at DBS Bank in Singapore, said that the limited supply of bitcoin makes it a compelling alternative, in line with the scarcity of gold, and the growing acceptance of bitcoin itself is a positive sign. However, Daryl Ho believes that compared with gold, which has been proven to have thousands of years of value storage function, bitcoin lacks such history, bitcoin is a long-term investment, similar to digital gold,...
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