OCBC Bank Enters Long-Term Partnership with Digital Exchange ADDX

OCBC Bank has partnered with global private market exchange ADDX to distribute its first tokenised equity-linked structured note to accredited investors. The fixed coupon note, launched in early May, is the first product issued by a Singapore bank to land on ADDX's shelf. It marks the start of a long-term partnership 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 giant and was launched on the ADDX platform at a minimum size of US$50,000.

Partnering new digital players like ADDX and deepening banking relationships with high-growth and emerging sectors allows OCBC to increase its customer proposition and tap on a larger investor base. Tokenising the fixed coupon note will in turn allow more accredited investors to access the product.

Mr Kenneth Lai, OCBC Bank's Head of Global Treasury, said: "We are pleased to be the first Singapore bank to offer an equity-linked structured note in tokenised form on ADDX. It is the first innovation resulting from a longer-term partnership with ADDX, and we are hopeful that it will lead to more diverse product offerings that are relevant and appealing to the global accredited investor base of ADDX. We are excited about the possibilities ahead, especially given the uniqueness and accessibility of this equity-linked structured note."

According to ADDX CEO Ms Oi-Yee Choo, structured products will be a key plank in ADDX’s issuance strategy.

Ms Oi-Yee Choo said: "Investors today are looking for a full range of products that enables each segment of their portfolio to be deployed in a manner that maximises returns while diversifying risks. We are honoured to work with OCBC Bank, a reputable issuer with a strong track record, to serve our investors well in a volatile market. This is but the start of a wider partnership that will leverage ADDX’s expertise in alternative investments and OCBC Bank's wealth management capabilities to provide investors with unique investment opportunities. More structured products are in the pipeline, and we are also exploring the issuance of commercial papers."