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. This approach aims to maximise returns on excess liquidity through reverse repurchase agreements (reverse repos) conducted on J.P. This system allows OCBC to lend cash to J.P.
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