DBS paves the way for micro enterprises and SMEs from Singapore to tap into Asia’s economic revival with Trusple, Antchain’s international trade and financial services platform
Singapore, 15 Mar 2021 - Following the official launch of Trusple, AntChain’s international trade and financial services platform, DBS today announced that it is the first Asian bank to successfully close a trade financing transaction on the platform, valued at over USD 40,000. The transaction was closed on behalf of iQuartz, a Singapore SME that manufactures, fabricates and distributes artificial stone materials known as ‘quartz stone’ to its USA and Singapore customers in the building materials market.DBS is the first Asian bank to close a transaction on Trusple, done on behalf of iQuartz, a Singapore SME that manufactures, fabricates and distributes artificial stone materials known as ‘quartz stone’ to its USA and Singapore customers in the building materials market. www.dbs.com.sg/sme/dbs-trusple .[END]
About DBS World’s Best Bank ” by Euromoney, “Global Bank of the Year ” by The Banker and “Best Bank in the World ” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank ” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia ” award by Global Finance for 12 consecutive years from 2009 to 2020.www.dbs.com .
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