DBS and Goldman Sachs have successfully completed the first over-the-counter (OTC) cryptocurrency options trade between two banks.
The trade involved cash-settled Bitcoin and Ether options, enabling firms that offer cryptocurrency-linked products to better manage their exposure.
The milestone comes amid rising demand from institutional and accredited investors for digital asset products.
In the first half of 2025, DBS clients executed over US$1 billion in cryptocurrency options and structured note trades, with volumes growing nearly 60% from the first to the second quarter.
Jacky Tai, Group Head of Trading and Structuring, Global Financial Markets, DBS, said,
“Professional investors are seeking safe, trusted and well-managed platforms to build their digital asset portfolios. In response, platforms are stepping up to enhance their risk management capabilities.
Our trade with Goldman Sachs highlights how platforms can now tap the strong credit ratings and structuring capabilities of banks to bring the best practices of traditional finance into the digital asset ecosystem.”
Max Minton, Head of Digital Assets in Asia Pacific at Goldman Sachs, said,
“The trade signifies the development of an interbank market for cash-settled OTC cryptocurrency options, an area where we expect to see continued growth as institutional investors become increasingly active in this space.”
Featured image: Edited by Fintech News Singapore, based on image by user23413193 via Freepik
