OCBC becomes the first bank in Singapore to sell tokenized bonds to corporate accredited investors.
The tokenized bonds are structured based on the client's desired tenor and yield and are minted and transferred to the client's wallet on OCBC's asset tokenization platform.
This launch aligns with Singapore's push to commercialize and scale the usage of tokenized assets, allowing for fractional ownership and more diversified portfolios.
OCBC's asset tokenization capability will be expanded to include other types of tokenized assets in the future.