BiyaPay analyst: DBS Bank bets on Hong Kong cryptocurrency market with 730 billion assets, USDT accepted to DBS Bank

BlockBeats News: On June 30th, DBS Bank's expansion measures in Hong Kong have attracted much attention. By the end of 2024, the managed asset size exceeded 730 billion US dollars. Despite the uncertainty faced by the global financial industry, DBS Bank has set up a counter trend layout in Hong Kong, planning to add 100 wealth management advisors in the next three years and establish a new wealth center. This move marks DBS Bank's confidence in the Hong Kong market, especially its bets on virtual assets and cross-border wealth management. DBS is not only applying for a Hong Kong cryptocurrency service license, but also plans to leverage Hong Kong's regulatory advantages to provide customers with a channel for allocating digital assets such as stablecoins. In the global financial landscape, Hong Kong's potential as a "hub for RMB assets on the chain" is becoming increasingly apparent. The regulatory policies for stablecoins and digital assets in Hong Kong provide new opportunities for banks, especially for high net worth clients, making stablecoins an ideal tool for cross-border asset allocation. BiyaPay also supports users to accept over 30 legal currencies, including US dollars, Hong Kong dollars, Singapore dollars, etc., through USDT, and provides fast and secure international remittance services. Users can easily participate in global asset allocation by transferring USDT to DBS Bank through BiyaPay. Whether it's digital assets or traditional wealth management needs, BiyaPay provides flexible payment and investment services.