OCBC Bank Mulls Setting Up Crypto Exchange: CEO
Southeast Asia’s second-largest bank is looking into a digital asset exchange to satisfy customer demand.
Nov 19, 2021 at 12:26 p.m. UTCUpdated May 11, 2023 at 4:03 p.m. UTC
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Oversea-Chinese Banking Corporation (OCBC Bank) is mulling creating a crypto exchange, the bank’s CEO Helen Wong said in an interview with Bloomberg Television today.
- “We are looking at it and seriously there are some work being done in the bank,” Wong said, adding that the bank wants to address customer needs “in a safe manner.”
- At the end of last year, Singapore-based OCBC had $121 billion in assets under management, making it the second-largest bank in Southeast Asia.
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Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI.