OCBC launches bespoke tokenised bonds for corporate investors
They can subscribe to tokens at S$1,000 denominations, for example.
OCBC has launched for sale bespoke tokenised bonds to corporate accredited investors, or corporations that have net assets exceeding S$10m.
The tokenised bonds, which reference investment grade bonds, are structured based on the client’s desired tenor and yield. They are then minted and transferred to the client’s wallet created on OCBC’s asset tokenisation platform.
Tokenization will enable investors to subscribe to tokens at S$1,000 denominations, compared to the need to subscribe to the full amount of the bond, which often has a high minimum transaction size of S$250,000. Investors can avoid concentration risk this way, OCBC said.
This marks the second commercial use case of OCBC’s blockchain infrastructure, first developed in 2022.
The first commercial use case was a partnership with LTA to pilot a blockchain-based conditional payment solution for construction projects in 2024.