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Singapore Bank DBS Forges Stablecoin Custody Pact With Paxos

July 02, 2024
DBS Bank
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Singapore Bank DBS Forges Stablecoin Custody Pact With Paxos

July 02, 2024
Singapore’s DBS Bank is reportedly set to begin a custody service for stablecoin reserves. It’s part of a collaboration between the city-state’s largest lender and a local unit of cryptocurrency issuer Paxos Trust, Bloomberg News reported Tuesday (July 2), with the partnership also including cash management services. An official from the bank told Bloomberg this move will deepen its […]