Singapore’s largest bank, DBS, has commenced issuance of tokenized structured notes on the Ethereum public chain, targeting qualified and institutional investors through local platforms ADDX, DigiFT and HydraX. The move represents a strategic deployment of blockchain-native custodial and trading infrastructure to broaden institutional access to structured crypto exposure.
The inaugural offering is a participation note linked to cryptocurrency that is cash-settled on upside performance while embedding downside-limiting mechanics to mitigate losses. By reducing the minimum note size from a conventional $100,000 to $1,000, DBS aims to materially enhance liquidity and secondary-market trading convenience for professional investors.
According to CoinDesk, related product trading volume surpassed $1 billion in H1 2025, with roughly 60% quarter-on-quarter growth in Q2; DBS has indicated subsequent product expansion into equities and credit-linked notes in its roadmap.