OCBC Bank of Singapore issues blockchain-based digital US commercial paper with a scale of 1 billion USD

ChainCatcher news, according to BusinessTimes, Singapore's Oversea-Chinese Banking Corporation (OCBC) announced the issuance of blockchain digital US commercial paper (USCP) with a scale of up to 1 billion USD. This batch of six-month notes utilizes tokenized securities and on-chain funds, and records and provides services on the blockchain. It is reported that the first batch of notes has been issued, with the investor being a qualified investment institution. OCBC did not disclose its specific name but stated that the exclusive dealer for this 1 billion USD blockchain digital US commercial paper is JPMorgan Chase.