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As part of an initial STO, DBS, one of the world’s largest financial holdings, will issue digital bonds totaling S$15 million, or $11.3 million.

DBS plans to use its own DDEx to issue digital registrations. Their expiration date will be six months, with a 0.6 percent annual rate. Because DBS refused to assist third-party organizations in gathering investor applications for bond purchases, it will be the deal’s sole bookrunner.

DBS representatives stressed that by taking this step, other issuers and potential clients would be able to join the DDEx system and achieve adequate market access. As a result, they will not only meet their financial needs, but they will also provide a rationale for the STO and its listing soon.

According to one of the company’s executives, the first listing of Security tokens on DBS’s DEX confirms the crypto asset infrastructure’s power in streamlining cost disclosure processes. Both for the issuers and for the customers who invest their money. The listing will highlight the company’s ability to incorporate digital asset value chain solutions to the latter.

As customers continue to use STOs as part of their fundraising activities, DBS believes that tokenization will become more widespread.

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