The XRP Ledger (XRPL) is becoming increasingly central to the evolution of global tokenized finance, signaling a pivotal shift in how sophisticated financial instruments are accessed. A major institution, DBS Bank, is broadening its foray into digital assets by launching tokenized structured notes on the Ethereum public blockchain, opening the door for wider investor participation.

DBS Expands Tokenized Offerings Beyond Private Clients

DBS, Singapore’s leading bank, unveiled its first publicly distributed structured financial instrument in tokenized form. Previously exclusive to the bank’s private wealth clients, these structured notes will now be made available to accredited and institutional investors via local platforms: ADDX, DigiFT, and HydraX. This marks a strategic move to democratize access to complex financial tools through blockchain technology.

Structured notes are usually bespoke products with minimum investments around $100,000, limiting access to high-net-worth individuals. However, by tokenizing these assets into $1,000 units, DBS transforms them into tradeable instruments, allowing for greater liquidity and decentralized portfolio allocation.

How the Tokenized Product Works

The debut structured note is a crypto-linked participation product that enables investors to earn cash payouts when digital asset prices rise. At the same time, it is designed to provide some downside protection, making it an appealing structure for risk-aware investors seeking exposure to the growing digital assets market.

This innovative approach has already attracted considerable interest. DBS reported that its clients traded over $1 billion in these structured instruments during the first six months of 2025. Between Q1 and Q2 of the year, trading volume surged nearly 60%, reflecting growing institutional confidence in token-based finance.

Growing Demand Among Family Offices and Institutional Investors

This initiative particularly targets Singapore’s burgeoning family office ecosystem, which has experienced explosive growth. As of 2024, the number of single-family offices in the city-state surpassed 2,000—a 43% increase year-over-year. These high-capital entities frequently seek sophisticated tools to enhance their exposure to alternative assets, making DBS’s tokenized products especially relevant.

“Family offices and professional investors increasingly expect seamless access to digital assets within a compliant and trusted framework,” said Li Zhen, DBS’s head of foreign exchange and digital assets. “Our tokenized notes enable flexible and secure participation in this evolving market sector.”

Singapore’s Evolving Role in Tokenized Finance

This move aligns with Singapore’s broader push to become a leader in blockchain-enabled finance. The Monetary Authority of Singapore (MAS) is conducting cross-industry pilots under Project Guardian, aiming to tokenize various asset classes—fixed income, currency markets, and funds—through collaborations with major financial institutions.

With its history of piloting use cases on permissioned blockchains, DBS is now leveraging Ethereum to scale its offerings publicly. The bank’s strategy reflects growing institutional interest in blending traditional finance with blockchain’s technical efficiencies.

Future Plans for Tokenized Financial Products

While the pioneer crypto-linked note focuses on digital asset appreciation, DBS has its eyes set on expanding the product range. The bank plans to tokenize traditional structured notes tied to equities and credit markets, allowing even more diverse investor strategies to migrate to blockchain-native platforms.

“Asset tokenization is the next frontier of financial markets infrastructure,” added Zhen. “This launch not only responds to increasing institutional interest in digital assets but also enables a wider investor base to engage with our digital ecosystem more efficiently.”

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Traders at DBS monitor tokenized structured notes linked to digital assets via Ethereum-based platforms.