DBS Bank's securities division, DBSVickers, is licensed to provide financial token payment services

DBS Vickers, the securities firm of DBS Bank, became the second financial institution to be legally approved by the Monetary Authority of Singapore (MAS), after independence from the cryptocurrency exchange, and to provide digital management payment tokens as payment services. DBS announced that the group is continuously working on its digitalization and that DBS Vickers is one of the first financial companies to become certified under this policy. Going forward, DBS Vickers will be able to help money managers and businesses trade digital tokens for payment through DBS's DDEX digital exchange. Additionally, starting next week, DDEX will operate around the clock and this is an exchange that previously only worked during trading hours in Asia. (Good news, Zhaobao.com)