DBS has launched a new digital finance initiative aimed at institutional investors.
DBS Bank to Tokenize Structured Notes on Ethereum
The bank announced that it will tokenize structured notes on the Ethereum network and make them accessible to eligible investors through crypto investment platforms and exchanges.
DBS has partnered with ADDX, DigiFT, and HydraX to distribute these products. "Asset tokenization is the next frontier in financial market infrastructure," said Li Zhen, head of the bank's foreign exchange and digital markets division. "Our first tokenized product, a crypto-linked note, meets institutional appetite for digital assets."
Structured notes are financial instruments whose value is tied to a specific asset or index. DBS noted that these products typically require a minimum investment of $100,000.
The bank's first tokenized products are designed to provide cash returns when cryptocurrency prices rise, while also providing a structure to limit losses if prices fall.
Each token will represent a divisible share of the original note, worth $1,000. This will provide DBS with greater flexibility in portfolio management for accredited investors and institutional funds. The bank also plans to attract interest from family offices, which number over 2,000 in Singapore.
DBS announced that it processed over $1 billion in crypto-linked structured notes in the first half of 2025 alone. The bank also plans to tokenize equity and credit-linked notes in the future.
