OCBC Issues $1B Blockchain-Powered US Commercial Paper 🚀

Singapore’s OCBC Bank has successfully issued $1 billion in blockchain-based U.S. commercial paper (USCP). The six-month notes leverage tokenized securities and on-chain funds, with all records managed on blockchain technology. The debut issuance was purchased by a qualified investment institution, while JPMorgan acted as the exclusive dealer.

#blockchain

#Tokenization

#DigitalAssets

#FinTech