CandleFocus Singaporean SBI DM Plans to List Digital Assets on German Firm 21X
2024-09-26
Author: Content Editor
In the last 24 hours, it was revealed that governmental institutions hold 2% of Bitcoin's total supply, suggesting widespread adoption of cryptocurrency in the global economy. Also, several banks, including Singapore-based SBI DM, have started listing digital assets and enabling cryptocurrency transactions. SBI DM has partnered with German firm 21X to list digital assets, with plans to issue and trade tokenized securities on the 21X exchange. 21x is awaiting regulatory approval to launch its DLT Pilot Regime. Several fiat currency-based banks have also announced digital asset listings, such as Germany's Commerzbank offering Bitcoin and Ethereum trading. Furthermore, national banks have been exploring central bank digital currencies (CBDCs) and integrating blockchain technology. However, the SEC has indicated it will maintain strict rules on banks listing and trading digital and crypto assets.
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