➡️ DBS Bank announces major restructuring creating the entity called: Global Financial Markets (GFM)

Effective March 1st 2024

They are merging their brokerage arm, the Digital Asset Exchange (DDEX) and Treasury division into a single group. #DBS #SBI #HSBC #Metaco #Ripple #XRP

All connected to #Ripple, DBS Bank, one of the largest Singapore banks is part of Project Guardian on the Tokenization of Assets. DBS will exchange and custody.

This group includes SBI, HSBC (now with Metaco) and the BIS (Interoperability Task Force).

https://www.theedgesingapore.com/news/banking-finance/dbs-merge-various-businesses-forming-global-financial-markets-group

https://x.com/chadsteingraber/status/1754524309324804351?s=46