Cryptocurrency

Singapore’s DBS Bank enters the Metaverse with Sandbox Partnership

Zegex

Big Bank in Singapore DBS partnered with sandbox Extend your banking experience to the metaverse.

DBS announced The deal will create a DBS BetterWorld on a 3×3 parcel of LAND. The metaverse experience becomes an additional engagement platform for customers accessing the sandbox.

Sandbox co-founder Sebastien Borget said the partnership will help bring Singaporean culture to life in the metaverse.

Borghett added:

“Welcome DBS to The Sandbox as the first bank in Singapore to set foot on an open metaverse and join our effort to create the SingaporeVerse, a virtual map neighborhood that brings Singapore’s culture to life in a highly engaging metaverse. , in a fair and inclusive manner open to all.โ€

DBS BetterWorld Goes Carbon Neutral

In addition to promoting banking services, DBS uses this platform to sustainability.

Customers participating in the sandbox can learn: ESG Issues and entrepreneurs shaping the future of Asia through interaction with BetterWorld.

DBS will use this platform to profile Asian social entrepreneurs who have made a positive impact through their innovative business models.

DBS is live better Initiative to Metaverse Experience. Through LiveBetter, customers have access to tools and resources to help them transition to a more sustainable lifestyle.

DBS has a goal of achieving net operational carbon by the end of 2022. As a result, we are working with Sandbox to purchase carbon offers to ensure that our activities at DBS BetterWorld are carbon neutral.

Encryption services offered to DBS customers

DBS is open to implementing blockchain solutions in its services. Received approval from the Monetary Authority of Singapore in 2021 to provide crypto services to a limited number of clients.

According to Piyush Gupta, CEO of DBS Bank, more than 300,000 accredited investors will soon have access to its crypto services. The Bank strives to comply with all regulatory guidelines to reduce the risk of loss for investors.

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