DBS security token offering paves way for digital bond ecosystem

This inaugural issue creates a new avenue for issuers, investors and dealer banks to interact digitally on a seamless platform.

DBS has priced a S$15 million $11.3 million digital bond, marking the first security token offering STO on the DBS Digital Exchange DDEx.

The DBS Digital Bond, which comes with a six-month tenor and coupon rate of 0.60% per annum, was done by way of private placement. DBS is the sole bookrunner for the transaction.

This paves the way for other issuers and clients to tap into DDEx’s capabilities to access capital markets for their funding needs and sets the stage for more STO issuance and listings on DDEx as asset tokenisation turns mainstream.

According to Eng-Kwok Seat Moey, group...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 1 article from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222