Asia’s financial services Giant DBS has launched The tokenized structured banknotes on the Ethereum network for accredited and institutional investors, which marks an extension of the public chains of the bank’s digital asset program.
The banknotes are issued on Ethereum and sold in smaller ($ 1,000) units than conventional private-bank products, aimed at distribution to eligible customers through recognized platforms.
The relocation follows the rollout of Crypto-linked options and structured banknotes for eligible customers at the end of 2024, the bank said that it would start in the fourth quarter of that year.
Those offers Loose To Bitcoin and Ethereum via OTC options and structured notes, expanding the tool set for risk management and revenue within institutional mandates. Today’s tokenized issue takes that product line on the chain and shifts the issue and secondary logistics to Ethereum’s Settlement rails.
DBS has carried out parallel experiments on permitted infrastructure in its transaction bench pile. In October 2024, the Bank DBS token services unveiled, an EVM-compatible blockchain that is integrated with its core payment engine to enable treasury tokens, conditional payments and programmable rewards for institutions.
That suite was designed For real -time settlement and interoperability with existing payment networks. By placing structured notes directly on the public Ethereum, DBS expands the issue then a closed ledger, while retaining an EVM tool set is already used in its Enterprise pilots.
The Regulator of Singapore has pushed pilots in the industry that map out standards and checks for Tokenized markets. The monetary authority of Project Guardian van Singapore has coordinated pilots on fixed -income income, FX and Asset and Wealth Management with 24 financial institutions, including DBS, to develop issuing protocols and market practices.
As the Mas Reported, the work flows are the preparation of data standards with fixed -income data and documentation guidelines that connect to Tokenized Bond and the issue of notes. The Ethereum implementation of DBS ends up in that policy track and reflects a preference to anchor security for public infrastructure that already houses deep liquidity and tools.
DBS has also tested a public chain scheme on institutional capital markets. In November 2023, UBS, SBI and DBS completed a live cross -border repo using a native issued digital bond and regulated digital payment vessels on a public blockchain under Project Guardian. The transaction arranged Repo, bond-purchasing and repayment on-chain, spread over regulated entities in Japan, Singapore and Switzerland.
That pilot illustrated Lifecycle Events For debt instruments on public networks, a step operates today’s DBS issue for private-banking notes operation cultivation.
The distribution and the eligible distribution of the bank reflect its existing digital activaimeter. DBS limits crypto-linked products to accredited and institutional customers, with implementation supported by its digital asset exchange and guardian team.
Per DBS Digital ExchangeAccess runs through institutional members and private banking channels. Tokenized notes about Ethereum keep that gateway, while the size of the investment unit is reduced compared to traditional structured banknotes, which have historically high minima for customized portfolios.
The bank is said to pack the products in smaller denominations to reinstall with portfolio and more frequent secondary activity.
Win for Ethereum in RWA Space
For Ethereum, a regulated issue of the issuer structured notes on the Mainnet de RWA footprint outside pilot bonds and funds are broadening.
The model makes it possible to bound in cash -adjusted payment profiles to crypto or traditional underlying topics, with transfer and service on chains. It also fits in with MAS to standardize issue data and smart contract clauses for fixed -income products, which facilitates reconciliation between primary dealers, preservators and market places.
Per MasThe workflow with a fixed income focuses on protocols and disclosures for Tokenized offers that can use these notes in production.
The rollout also completes a timeline that started with the own issue of DBS’s own security tanges in 2021, when it cost an SGD 15 million digital bond as the first STO on DEX.
That problem has one road For more private placements and custody. Since then, the bank has moved access to the market with OTC options, custody of stablecoin and tokenized treasury pilots, and then relocated issues and secondary flows to the same EVM family used by Ethereum.
DBS’s tokenized notes on Ethereum Place a regulated Bald-sheet product of a regulated issue on a public ledger under a Singapore policy framework that maps standards for fixed-income income and funds.
The program is expanding a structured note line from 2024 to the issue and maintenance of chains for accredited and institutional customers, and it arrives with previous public chain repair experience and permitted EVM tooling that is already present.
