DBS has priced a $15 million digital bond, the first security token offering (STO) on the DBS Digital Exchange (DDEx) which launched last December.

The six-month digital bond has a coupon rate of 0.6% per annum, and was done through a private placement. DBS is the sole bookrunner for the transaction.

According to DBS, the digital adheres to the current bond legal framework, thereby according investors the same legal certainties and protections over their rights as traditional bonds.

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