DBS, which has $400 billion in assets under management, has added a new one to its digital asset and crypto transactions since 2020. The Singapore-based bank will allow OTC, that is, over-the-counter Bitcoin and Ether option transactions. For the time being, transactions will only be open to accredited customers and corporate firms.

While the statement was officially made by DBS, no clear date was given for the transactions, but the 4th quarter was pointed out.

In addition to Bitcoin and Ether OTC option transactions, DBS will also offer structured debt bonds. These bonds will also be based on Bitcoin and Ether. As it is known, OTC transactions mean that instead of a central platform, the terms are determined by the two parties to the trade.

DBS, which has been providing services on cryptocurrencies since 2020, introduced DBS Treasury Tokens last month. With these tokens issued on an EVM-compatible blockchain, institutional liquidity was expected to be provided much more easily.

Singapore, where DBS is headquartered and established, is known as the country with the toughest and most established crypto regulations in the world.