← Embedded Finance Index 2026

Digital Exchange

Can a traditional bank-owned digital asset exchange become the institutional infrastructure layer for tokenized securities and crypto trading in Asia?

HQ12 Marina Boulevard, Level 40, DBS Asia Central, Marina Bay Financial Centre Tower 3, Singapore 018982
IndustryFintech / Crypto
The story

DBS Digital Exchange (DDEx) was established as a wholly-owned subsidiary of DBS Bank to serve institutional and accredited investors in Singapore with digital asset trading, issuance, and custody. Unlike neobanks or independent fintechs, DDEx operates within the regulatory umbrella of DBS Group, leveraging the parent bank's infrastructure for compliance and custody while building dedicated digital-asset rails. The entity uses third-party BaaS infrastructure (Solarisbank listed as a known customer relationship) alongside its parent bank's regulated framework.

Last 12 months
Product timeline
2020
DBS Digital Exchange launched as an institutional digital asset exchange for security token offerings and cryptocurrency trading, regulated under MAS in Singapore.· banking
Regulated entities
1
regulatory licence held by Digital Exchange
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
Same company
Digital Exchange was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
Dbs2 layers →
The stack
1 layer disclosed in Digital Exchange’s embedded-finance stack
Banking / BaaS
Solarisbank
Accounting gap: none