According to ChainCatcher, Singapore's second largest bank, OCBC, has launched a blockchain-based corporate bond tokenization solution to help corporate clients diversify their financial assets.
The scheme allows corporate clients to invest in bonds with as little as 1,000 Singapore dollars and customize the bond term and interest rate, with the token referencing existing investment-grade bonds.
Kenneth Lai, head of global markets at OCBC, said the company will expand its product line to cover more types of tokenized assets.