Singapore’s OCBC Bank introduces 1 billion USD blockchain-powered digital dollar commercial paper program

On September 8th, OCBC Bank launched a 1 billion USD blockchain-based US Dollar Commercial Paper program. This distinguishes it as the first issuer to accomplish a full lifecycle blockchain issuance.

The initiative, supported by JPMorgan’s Kinexys Digital Assets platform, includes the successful issuance of a six-month note, with proceeds designated for general purposes.

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