DBS Hong Kong Launches Cryptocurrency ETF Trading For Wealth Clients

According to PANews, DBS Hong Kong has announced that its Treasures and Private Banking Treasures clients can now engage in cryptocurrency ETF trading through the DBS Digibank application. This development marks a significant step in the bank's digital asset offerings. The bank has also initiated a virtual asset knowledge confirmation process for its clients. This move is part of DBS Hong Kong's broader strategy to integrate digital assets into its financial services, catering to the growing interest in cryptocurrencies among its clientele. To qualify for the DBS Treasures account, clients must maintain a minimum deposit of HKD 1 million. Meanwhile, the Private Banking Treasures account requires a minimum deposit of HKD 8 million. These requirements reflect the bank's focus on serving high-net-worth individuals interested in diversifying their investment portfolios with digital assets.