What’s New In Investments, Funds? – HSBC, Tokenised Deposit Service, DBS, Cohen & Steers ** jj pls edit DBS

Editorial Staff

10 October 2025

HSBC
yesterday said it has introduced its Tokenised Deposit Service (TDS) in Singapore, extending the blockchain-based payment capability beyond its initial launch in Hong Kong.

The service enables 24/7 real-time instant settlement. It was adopted by China’s Ant International, which became the first client to complete real-time Singapore dollar and US dollar digital token payments between its entities’ corporate wallets held with HSBC Singapore.

In September, HSBC said it successfully completed its first US dollar cross-border digital token transaction for Ant International businesses in Hong Kong and Singapore.

DBS, Cohen & Steers
New York-headquartered to provide access to the Cohen & Steers Diversified Real Assets Fund.

The fund is designed to deliver “attractive” total return while maximising real returns during inflationary environments, the US firm said in a statement last week. The strategy invests across four core real asset categories - global real estate, global natural resources, global listed infrastructure, and commodities.

"It is a privilege to establish a relationship with one of the most respected private banks in the region and support DBS through a new Singapore office,” David Conway, head of international wholesale distribution, said.

Hou Wey Fook, chief investment officer, DBS Bank, added: "In a polarising world marked by rising volatility and geopolitical uncertainties, alternatives and real assets play an integral role in portfolios."

Besides its NYC headquarters, Cohen & Steers has offices in London, Dublin, Hong Kong, Tokyo and Singapore.