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OCBC Bank, the second largest bank in Singapore, has launched a blockchain-based custom corporate bond tokenization solution
ChainCatcher message, Singapore's second largest bank Oversea-Chinese Banking Corporation (OCBC) recently launched a blockchain-based customized corporate bond tokenization scheme, aimed at helping corporate clients diversify their financial assets. The scheme allows corporate clients to invest in bonds as low as 1000 Singapore dollars and customize the bond term and Intrerest Rate according to their needs, with the token referencing existing investment-grade bonds. The initiative is an innovative project developed by OCBC based on blockchain technology. Kenneth Lai, Global Head of OCBC Markets, said the company will further expand its product line to cover a wider range of tokenized assets.