16 days ago • Posted by Martin Boujol
DBS made its first security token offering (STO)
Singapore-based bank DBS has issued a $15 million digital bond in its first security token offering (STO). The bond has a sixth-month expiry and a coupon of 0.6% per annum. The bank said they wanted to pave the way on the Digital Exchange (DDEx) to encourage others to do the same and establish precedents for further STO issuances and listings. This might be a historical moment.