BlockBeats News, June 30th, DBS Bank's expansion in Hong Kong has attracted attention. By the end of 2024, the bank's assets under management exceeded $730 billion. Despite the global financial industry's uncertainty, DBS Bank has taken a contrarian approach in Hong Kong, planning to add 100 wealth management advisors in the next three years and establish a new wealth center. This move signifies DBS Bank's confidence in the Hong Kong market, especially its bet on digital assets and cross-border wealth management. DBS is not only applying for a Hong Kong cryptocurrency service license but also planning to leverage Hong Kong's regulatory advantages to provide customers with a digital asset allocation channel, including stablecoins.

In the global financial landscape, Hong Kong's potential as a "RMB-denominated asset hub on the blockchain" is becoming increasingly evident. Hong Kong's stablecoin and digital asset regulatory policies have provided banks with new opportunities, especially for high-net-worth clients, with stablecoins becoming an ideal tool for cross-border asset allocation.

BiyaPay also supports users to settle in USDT across more than 30 fiat currencies, including USD, HKD, SGD, and provides fast, secure international remittance services. Users can transfer USDT to DBS Bank via BiyaPay to conveniently participate in global asset allocation. Whether it's digital asset or traditional wealth management needs, BiyaPay offers flexible payment and investment services.