Both DBS Group Holdings (DBS) and United Overseas Bank (UOB) have seized on the opportunity of using digital, blockchain-enabled, distributed ledger platforms for parts of their capital markets business. DBS launched DBS Digital Exchange or DDEX in December last year for its institutional and high net worth customers. DDEX is a fully integrated tokenisation, trading and custody ecosystem for digital assets. DBS provides an ecosystem for fundraising through offerings of security tokens by fractionalising assets, and secondary trading of these digital assets including cryptocurrencies.

Through DBS Digital Exchange, large corporates, SMEs, owners of investment properties and other infrastructure assets can tap on a security token platform to raise capital through the digitisation and fractionalisation of their securities, properties and other assets. This gives companies access to new avenues of fundraising and the issuance of structured investment instruments.

In September, UOB partnered Marketnode in the development of an end-to-end distributed ledger technology-enabled fixed income infrastructure. This will be used for the launch of new products such as digital bonds.

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