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DBS issues $15 mil digital bond in first security token offering on its digital exchange

Atiqah Mokhtar
Atiqah Mokhtar5/31/2021 03:37 PM GMT+08  • 2 min read
DBS issues $15 mil digital bond in first security token offering on its digital exchange
The six-month digital bond has a coupon rate of 0.6% per annum.
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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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