Singapore’s largest bank DBS Bank intends to open a digital asset trading platform focused on individual investors by the end of 2022. This was announced by its CEO Piyush Gupta at a conference with analysts, writes CoinDesk.

The top executive said that in the realization of the initiative DBS Bank awaits “huge

work” in the areas of anti-fraud and compliance. No details were given.

The institution launched a bitcoin exchange for institutionalized customers in early 2021. Forklog reported similar plans in October 2020. The platform had a turnover of about $819 million last year and $595.5 million in the fourth quarter.

In the first half of 2022, the bank will focus on the issue of bringing the service online for existing customers. Currently, they are forced to submit trade orders “from voice”.

As a reminder, in August 2021, DBS Bank announced “in-principle” approval from the Monetary Authority of Singapore to provide cryptocurrency services to asset managers and companies.

In May, the bank placed S$15 million ($11.3 million) worth of security tokens on its digital asset platform.