On August 29th, in an interview with 21st Century Business Herald, Pang Huayi, Chairman of DBS China, said that "DBS Bank plans to apply for a license to allow it to provide cryptocurrency services to Hong Kong customers. We hope to obtain a license to sell digital assets, but we do not intend to replicate the ecosystem we have already established in Singapore. In fact, we hope to provide (Hong Kong) customers with the opportunity to purchase digital assets through DBS Hong Kong. Currently, we can purchase digital assets through DBS Singapore."

"As a very important wealth management bank, we should allow investors to invest in differentiated and innovative assets. These (digital) assets may eventually become a small part of the investment portfolio, which helps us expand the asset categories of the investment portfolio. However, the development of the virtual asset industry is still a long way to go. This process requires the monetization of digital assets, the comprehensive visualization of alternative reserve currencies, and the expansion of the use of digital assets in the real economy."