The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

Stocks•22 April 2026•

1 min read

DBS CEO Likens Crypto to Gold Rush, Prioritizes Infrastructure Strategy

Key Facts

1Tan Su Shan, CEO of DBS, stated that crypto is like the gold rush during the CNBC CONVERGE LIVE event.

2DBS is focusing on infrastructure such as custody and tokenization rather than issuing its own coins.

Tan Su Shan, CEO of DBS, Southeast Asia's largest bank, has compared the current cryptocurrency market to a historic gold rush. Speaking at the CNBC CONVERGE LIVE event, Tan outlined the bank's strategic pivot toward providing essential infrastructure rather than issuing its own digital coins. The bank is specifically focusing on developing robust services for digital asset custody and tokenization to meet growing institutional demand. By positioning itself as a provider of 'picks and shovels,' DBS aims to capitalize on the sector's growth through foundational service provision. This approach reflects a broader institutional trend of prioritizing regulated financial plumbing over direct exposure to volatile crypto assets. The CEO emphasized that building a reliable infrastructure is key to integrating digital assets into the mainstream financial ecosystem.