OCBC Bank enters cooperation with digital exchange ADDX

OCBC Bank has partnered with global private request exchange ADDX to distribute its first tokenised equity- linked structured note to accredited investors. The fixed pasteboard note, launched in early May, is the first product issued by a Singapore bank to land on ADDX’s shelf. It marks the launch of a long- term cooperation between ADDX and OCBC Bank that will see both parties work together to put out a wider variety of investment products.

The note is linked to shares in a US- listed tech mammoth( the “ Underpinning Share ”) and was launched on the ADDX platform at a minimal size ofUS$ 50,000.

Fixed pasteboard notes are equity- linked structured notes that pay regular distributions atpre-defined intervals, handed that no extraordinary event or detector event has passed according to the terms of the notes. Fixed pasteboard notes present a way for investors with a specific view on the price movement of an beginning security or a handbasket of securities to induce fresh cashflow while gaining implicit exposure on the beginning security( ies).

Partnering new digital players like ADDX and heightening banking connections with high- growth and arising sectors allows OCBC to increase its client proposition and valve on a larger investor base. Tokenising the fixed pasteboard note will in turn allow more accredited investors to pierce the product.

Headquartered in Singapore, ADDX is on a charge to make investing fairer by democratising private requests. Using blockchain and smart contract technology, ADDX reduces homemade interventions in the allocation, guardianship and distribution of private request products. The performing effectiveness from the use of digital securities allows the platform to fractionalise investments in a scalable and commercially feasible manner.

To date, ADDX has listed further than 70 deals on its platform and worked with blue- chip names similar as Hamilton Lane, Partners Group, Investcorp, Singtel and CGS- CIMB, as well as Temasek- possessed realities Mapletree, Azalea, SeaTown and Fullerton Fund Management. Asset classes available on ADDX include private equity, barricade finances, adventure capital, private credit, real estate, debt and structured products.

Mr Kenneth Lai, OCBC Bank’s Head of Global Treasury, said “ While we formerly have a comprehensive troop of storeroom products which includes sustainability- linked interest rate barters, cross currency barters, structured deposits and green bonds, it’s important that we continue to introduce and find new channels for our products. We’re thus pleased to be the first Singapore bank to offer an equity- linked structured note in tokenised form on ADDX. It’s the first invention performing from a longer- term cooperation with ADDX, and we’re hopeful that it’ll lead to further different product immolations that are applicable and charming to the global accredited investor base of ADDX.

“ We’re agitated about the possibilities ahead, especially given the oneness and availability of this equity- linked structured note. ”

ADDX CEO Ms Oi- Yee Choo said “ Structured products are designed to give investors with unique threat and return characteristics that may not be available through traditional investments, and are an seductive option for investors importing yield- generating options in the current profitable climate. These products can potentially offer advanced returns than bonds or fixed deposits – they generally include a combination of a fixed- income element and a secondary element furnishing exposure to the performance of underpinning means similar as stocks or goods. Moving forward, structured products will be a crucial plank in ADDX’s allocation strategy. ”

She added “ Investors moment are looking for a full range of products that enables each member of their portfolio to be stationed in a manner that maximises returns while diversifying pitfalls. We’re fete to work with OCBC Bank, a estimable issuer with a strong track record, to serve our investors well in a unpredictable request. This is but the launch of a wider cooperation that will work ADDX’s moxie in indispensable investments and OCBC Bank’s wealth operation capabilities to give investors with unique investment openings. further structured products are in the channel, and we’re also exploring the allocation of marketable papers. ”

About OCBC Bank
OCBC Bank is the longest established Singapore bank, formed in 1932 from the junction of three original banks, the oldest of which was innovated in 1912. It’s now the second largest fiscal services group in Southeast Asia by means and one of the world’s most largely- rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its fiscal strength and stability, OCBC Bank is constantly ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Stylish Managed Bank in Singapore by The Asian Banker.

OCBC Bank and its accessories offer a broad array of marketable banking, specialist fiscal and wealth operation services, ranging from consumer, commercial, investment, private and sale banking to storeroom, insurance, asset operation and stockbroking services.

OCBC Bank’s crucial requests are Singapore, Malaysia, Indonesia and Greater China. It has further than 420 branches and representative services in 19 countries and regions. These include over 190 branches and services in Indonesia under attachment Bank OCBC NISP, and over 60 branches and services in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.

OCBC Bank’s private banking services are handed by its wholly- possessed attachment Bank of Singapore, which operates on a unique open- armature product platform to source for the best- in- class products to meet its guests ’ pretensions.