DBS private bank offers wealth succession planning for cryptocurrencies By Reuters – Investing.com
- Date: 14-May-2021
- Source: Investing.com
- Sector:Financial Services
- Country:Middle East
DBS private bank offers wealth succession planning for cryptocurrencies By Reuters – Investing.com
HONG KONG (Reuters) - DBS Group (OTC:) said on Friday its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans.
This is the latest move into cryptocurrencies by Southeast Asia's largest bank, which late last year launched a cryptoexchange for institutional and other accredited investors.
Several other banks around the world are cautiously starting to offer crypto-related services, often to their very wealthy clients, drawn by the recent surge in the price of bitcoin and other cryptocurrencies.
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