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Digital Assets Transforming Finance in Singapore

Aug 18, 2025
Evy Theunis, Head of Digital Assets at DBS Bank, shares her expertise in finance and innovation in the context of Singapore's thriving digital asset landscape. She delves into DBS's groundbreaking initiatives, including their own digital asset exchange, and the importance of regulatory frameworks in this evolution. Evy discusses the increasing demand from high-net-worth clients for digital assets, DBS's collaborative approach to crypto trading, and how the bank is shaping the future of finance amidst rapid technological advancements.
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ANECDOTE

Serendipitous Start During FTX Week

  • Evy joined DBS in 2012 and pivoted into digital assets in 2022, starting her role the week FTX collapsed.
  • Her computer science background and finance experience made digital assets her 'ikigai'.
INSIGHT

Regulation Sparked Bank-Led Crypto Entry

  • Regulatory clarity from MAS in 2020 catalyzed DBS's digital assets strategy and tokenization efforts.
  • DBS launched an exchange and bank-held custody to offer trusted access for clients seeking digital assets.
INSIGHT

Crypto Businesses Require Deep, Granular Knowledge

  • Crypto-native firms are community-driven with heavy counterparty overlap, requiring deep, granular diligence.
  • Superficially similar companies often operate very differently and present distinct risk profiles.
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