Nivaura is also launching the open-source GLML Foundation to help create automated tokenized securities.
The DBS Digital Bond, issued via its Digital Exchange (DDEx), has a sixth-month expiry and a coupon rate of 0.6% per annum.
Banks and financial regulators should facilitate the tokenization of the financial system, DBS CEO Piyush Gupta said during Consensus 2021.
The study found the correlation with S&P 500 futures rose during big bitcoin moves.
The bank becomes the first in Asia to offer crypto trust services providing custody and trading.
The platform, to be dubbed “Partior,” will seek to disrupt the traditional payments model and the common pain points that come with it.
The crypto corridor connecting Switzerland and Singapore is firming up, involving many of the usual suspects in banking, custody and trading.
The DBS Digital Exchange is 10% owned by Singapore's SGX stock exchange.
DBS is planning to launch an exchange for trading bitcoin and other cryptocurrencies, the bank told CoinDesk.
When it comes to bitcoin, Singapore's DBS Bank sees a "pandemic-led acceleration of adoption."
Asian banking giant DBS and multinational commodity trading firm Trafigura Group are tapping blockchain to facilitate global trade.
Standard Chartered is moving ahead toward "full commercialization" with its blockchain trial for trade finance.