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OCBC Issues $1 Billion Blockchain Digital US Commercial Paper
Summary: According to BusinessTimes, OCBC Bank in Singapore has announced the issuance of a $1 billion blockchain digital US commercial paper (USCP). These six-month notes utilize tokenized securities and on-chain funding, with records stored and services provided on the blockchain. The initial issuance has been completed with an undisclosed qualified institutional investor as the investor, and ...
According to BusinessTimes, OCBC Bank in Singapore has announced the issuance of a $1 billion blockchain digital US commercial paper (USCP). These six-month notes utilize tokenized securities and on-chain funding, with records stored and services provided on the blockchain. The initial issuance has been completed with an undisclosed qualified institutional investor as the investor, and OCBC has not disclosed their specific name. However, they have revealed that J.P. Morgan is the exclusive dealer for this $1 billion blockchain digital US commercial paper.
