DBS Launches Ethereum-Based Tokenized Crypto Structured Notes

In Summary

  • DBS debuts Ethereum-based tokenized structured notes.
  • Notes provide crypto exposure with built-in risk mitigation.
  • Partnership with ADDX, DigiFT, HydraX for distribution.
  • Move reflects rising institutional demand for tokenized digital assets.


Catenaa, Sunday, August 31, 2025-Singapore’s DBS Bank has launched tokenized structured notes on the Ethereum blockchain, giving investors exposure to cryptocurrencies without requiring direct holdings.

The bank partnered with digital platforms ADDX, DigiFT, and HydraX to distribute the products. Structured notes typically combine debt securities and derivative contracts, and DBS’s latest notes are linked to cryptocurrencies, providing cash payouts when prices rise and built-in mechanisms to mitigate losses in downturns.

DBS said tokenization makes such assets more fungible and easier to trade, addressing growing institutional demand for digital exposure.

Li Zhen, Head of Foreign Exchange and Digital Assets at DBS, described the move as the “next frontier of financial markets infrastructure,” noting that crypto-linked notes allow investors to participate in the market without managing cryptocurrency directly.

The initiative positions DBS alongside global financial institutions exploring tokenized assets, including BlackRock, Bank of America, and Citi.

BlackRock launched its first Ethereum-based tokenized fund last year, while other banks are increasingly examining similar offerings to capture institutional interest in digital markets.

The World Economic Forum recently highlighted tokenization as a potential driver of the next generation of value exchange, emphasizing the need for coordinated regulation, interoperability, and consumer protections to support the evolution safely.

DBS’s product reflects both the growing adoption of blockchain in traditional finance and the push to make crypto investments more accessible and regulated.

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