TechFlow news, September 6 — According to BusinessTimes, OCBC Bank announced the issuance of up to $1 billion in blockchain-based digital US commercial paper (USCP). These six-month notes leverage tokenized securities and on-chain funding, with records maintained and services provided on a blockchain. The first tranche of notes has reportedly been issued to a qualified institutional investor. OCBC did not disclose the investor's name but stated that JPMorgan Chase is the sole dealer for this $1 billion blockchain-based digital USCP transaction.
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