OCBC kicks off US$1 billion digital US commercial paper programme

OCBC kicks off $1 billion digital US commercial paper programme

(Reuters) -Singapore's second-largest bank Oversea-Chinese Banking Corp said on Monday it has established a $1 billion digital U.S. commercial paper programme, bolstering its dollar funding capabilities.

OCBC kicks off US$1 billion digital US commercial paper programme

Singapore's second-largest bank Oversea-Chinese Banking Corp said on Monday (Aug 25) it has established a US$1 billion digital US commercial paper programme, bolstering its dollar funding capabilities. US commercial papers are a relatively inexpensive funding source that corporations use to meet their imme

LayerZer to Acquire Stargate for Decentralized Exchanges (DEXs), as OCBC Launches $1bn Blockchain-Enabled U.S. Commercial Paper to Strengthen Dollar Funding

The proposal for LayerZero to acquire Stargate, valued at $110 million, involves swapping all STG tokens for ZRO tokens at a rate of 1 STG to 0.08634 ZRO, effectively dissolving the Stargate DAO and retiring the STG token. This move, announced on August 10, 2025, aims to consolidate governance and operations under LayerZero’s ecosystem, redirecting […] The post LayerZer to Acquire Stargate for Decentralized Exchanges (DEXs), as OCBC Launches $1b…

OCBC launches $1 billion blockchain-powered US commercial paper programme

SINGAPORE: The city-state’s second-largest bank, Oversea-Chinese Banking Corporation (OCBC), announced a new US$1 billion (S$1.28 billion) digital US commercial paper programme. According to a recent AOL report, this indicates an important move in its digital bankrolling policy that taps into the US$1.4 trillion US commercial paper market. In a calculated initiative to reinforce its dollar […]

OCBC Launches $1B Blockchain-Based US Commercial Paper Programme

Singapore’s OCBC Bank has taken a bold step into the future of finance, establishing a US$1 billion digital US commercial paper (USCP) programme using blockchain technology. This move is not just a testament to OCBC’s innovative spirit but also a significant milestone in the evolution of digital finance. The programme unlocks near-instantaneous short-term US dollar funding capabilities… Source