Gu Yanxi: Thoughts on the Convergence Trend of Banking and Securities Services from DBS Bank's Crypto Services

Singapore's largest commercial bank, DBS Bank, recently announced that it will provide a series of services in the crypto digital asset field, including trading major crypto digital currencies based on four fiat currencies, providing custody services for crypto digital assets, and providing full-lifecycle services for security tokens. This announcement confirms previously leaked information in an unfortunate manner. Such moves indicate that DBS Bank has adopted the correct strategy in the crypto digital finance field. This also indicates the future convergence of banking and securities businesses.