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Singapore’s OCBC Bank, ADDX exchange launches tokenized structure notes

Singapore’s OCBC Bank, ADDX exchange launches tokenized structure notes
Singa pore-based Overs ea-Chinese Ba nking Cor poration ( OCBC B ank) w ill o ffer tok enized equi ty-linked str uctured n otes to acc redited inv estors, in a par tnership w ith pr ivate ma rket ex change A DDX.

S ee re lated ar ticle: Tokenization is changing the world, from finance to art

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The equity-linked structured notes, also called fixed coupon notes, offer regular fixed interval distributions and provide investors with a tokenized avenue for investing in financial securities, the bank said in a statement Tuesday. 

The structured note is linked to a U.S.-listed technology firm and available for eligible investors on the ADDX exchange, with a minimum investment requirement of US$50,000. The tech company remains undisclosed due to “market sensitivities,” an ADDX spokesperson told Forkast in a text message.

The note launched on May 10 and is the first tie-up between the two Singapore-based entities. 

“This is but the start of a wider partnership that will leverage ADDX’s expertise in alternative investments and OCBC Bank’s wealth management capabilities to provide investors with unique investment opportunities,” Oi-Yee Choo, chief executive officer of ADDX, said in the statement. 

OCBC, established in 1932, is the second-largest bank in Singapore with a market capitalization of US$41.81 billion as of March 31 this year, according to S&P Global .

ADDX, a market service provider approved by the Monetary Authority of Singapore, serves investors across 39 countries with net personal assets of over S$2 million (US$1.48 million).

S ee re lated ar ticle: Singapore’s ADDX to include crypto assets in determining eligibility for private market investmen ts shares this Contents always with License.

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