Communications | Content Strategist | Tech Writer | I post about communications, technology, and leadership.
Have you heard of institutional intraday lending capabilities? Too chim; didn’t read? Here’s what it means. OCBC has become the first Singapore bank with institutional intraday lending capabilities. It means #OCBC can now lend money to companies needing short-term cash to cover unexpected expenses for just a few hours or a day. To secure the loan, the borrower will need to provide collateral, which can be tokenised. These collateral can include assets like #stocks or #bonds that are converted into digital tokens. This makes transactions nearly instant, giving the borrower fast access to cash. It’s a win-win because firstly, banks often have idle money sitting untouched daily. By lending it out, OCBC earns interest, while borrowers can cover their cash needs quickly and at a lower interest rate. If you must know, what goes behind the scene are J.P. Morgan’s Digital Financing application and #Onyx Digital Assets Platform. #blockchain Ken Lai Scott Lucas Tan May Ling
