Singaporean bank OCBC has launched a blockchain-based tokenization solution for corporate clients looking to diversify their assets. The technology will allow clients with assets greater than SGD10m ($7.3m) to tokenize their assets, eventually selling them to accredited investors. Unlike digital bonds, OCBC's solution offers "custom tokenization" for corporate clients. The minimum investment with OCBC is SGD1,000, a much lower figure compared to traditional corporate bonds. The new offering will allow investors to select the duration of their tokenized bonds and the periodic interest payments. OCBC plans to expand the solution to include a wider range of tokenized assets.   

 

 

Turkish commercial bank Garanti BBVA has launched a service that enables customers to access digital assets, in line with local and regional regulations. The bank has also partnered with Spanish digital exchange Bit2me to provide liquidity for trades and fulfil regulatory requirements. Through the new service, retail customers will be able to buy, hold and sell digital assets using Garanti BBVA's mobile banking platforms. Garanti BBVA is a subsidiary of Banco Bilbao Vizcaya Argentaria, one of Spain's largest financial institutions. MiCA regulations within the EU allow financial institutions to offer digital assets to customers if they have approval from local regulators. 



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