OCBC Becomes First Singapore Bank to Use Blockchain for Intraday Lending
Fintech News
OCTOBER 30, 2024
OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. By utilising blockchain technology, the exchange of cash and securities becomes near-instantaneous, a significant improvement over traditional repo markets where the process can take at least one business day.
Let's personalize your content