OCBC launches customised tokenised bonds based on the client’s desired tenor and yield

Quick Summary:

Corporate bonds typically have a minimum transaction size of $250,000.

At a fireside chat during the Singapore FinTech Festival 2024, Mr Chia Der Jiun, managing director of the Monetary Authority of Singapore (MAS), had said that tokenisation could cut costs and also increase the speed of settlements.

Tokenisation allows fractional ownership where the corporate accredited investor can subscribe to tokens at $1,000 denominations, unlike a corporate bond which usually requires the investor to subscribe to the full amount of the bond, typically at a high minimum of $250,000.

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Article Details

Author / Journalist: Sheila Chiang

Category: EconomyBusiness

Markets: Singapore

Topics: Ocbc Assets Financial Bond Tokenised Tokenisation Asset 2024 Singapore Services Bonds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 18:05:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 596 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 24913923

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