Overview
- The banks said they completed an over-the-counter transaction in bitcoin and ether options to manage exposures linked to crypto-related products.
- Goldman Sachs said the deal signals the development of an interbank market for cash-settled OTC crypto options and expects continued institutional growth.
- DBS reported more than $1 billion in client crypto options and structured-note trades in the first half of 2025, with volumes up nearly 60% from the first to the second quarter.
- DBS executive Jacky Tai said bank credit strength and structuring capabilities are bringing traditional finance practices into the digital-asset ecosystem.
- CoinDesk reported that these bespoke OTC options mirror long-standing institutional risk-management tools in conventional markets.