DBS Bank Receives 2,000 ETH from Galaxy Digital, Elevating Ethereum Holdings to 158,770 ETH (~$499M)

COINOTAG News, citing The Data Nerd, reports that DBS Bank of Singapore received 2,000 ETH from Galaxy Digital roughly seven hours ago, valued at about $6.27 million. The move highlights growing institutional activity in the regional crypto space and reflects DBS’s evolving liquidity management and custody approach within a volatile crypto environment.

Current disclosures show DBS’s aggregate holdings at 158,770 ETH (near $499 million) and 7,861 BTC (about $706.5 million). This asset mix signals continued diversification into leading digital assets by a major bank, underscoring Singapore‘s role as a fintech hub. Market participants should monitor DBS’s risk controls and governance as it expands digital asset exposure.