DBS, Goldman Sachs (GS) Execute First Over-the-Counter Interbank Crypto Options Trade
Two of the world’s most prominent financial institutions, DBS and Goldman Sachs (GS), said they executed the first-ever over-the-counter (OTC) cryptocurrency options trade between banks, marking a major step toward institutionalizing digital assets in Asia.
The trade involved cash-settled bitcoin and ether options, allowing the banks to hedge exposure tied to crypto-linked products, the companies said in an email. Such transactions mirror practices long common in traditional finance, offering structured and customizable risk management tools for institutional portfolios.
The milestone comes amid surging demand for digital asset derivatives. In the first half of 2025 alone, DBS clients executed more than $1…
