Singapore Bank DBS Issues $11.3 Million in Blockchain Bonds

[Galaxy]

The announcement comes just a few months after DBS launched its crypto exchange. Southeast Asia's largest bank, Singapore-based DBS, has become the latest bank to issue a bond on the blockchain.

Issuers hope that couching traditional securities in a crypto framework can make them easier to trade. The process also allows for fractionalization; cutting up bonds and turning them into fungible tokens can make unwieldy investments a little more digestible. source Link