Interest in cryptocurrencies from institutional and retail investors has been growing exponentially in recent months, with Bitcoin, Ether and other cryptocurrencies reaching new all-time highs. Covid-19, which is seeing a resurgence in a more virulent form, has accelerated the trend towards digital solutions in finance from payments to banking to wealth management, and the traditional banks are stepping up to keep up as new investment patterns emerge.
Southeast Asia’s largest bank, DBS Bank has introduced a trust service for cryptocurrencies to allow the bank’s private banking customers to integrate cryptocurrencies into their wealth succession plans, according to an announcement today.
