SGD / tokenized government debt

OCBC Bespoke Tokenised Bonds

issued by Oversea-Chinese Banking Corporation (OCBC). verified

not published

published yield

n/d

size

private ledger

can you hold it

The terms

Issuer: Oversea-Chinese Banking Corporation (OCBC)
Jurisdiction: Singapore
Chains: OCBC private permissioned blockchain (built with SettleMint)
Contracts: No contract address could be established from public sources. That is a disclosure gap on the issuer, and it is recorded as one.
Yield basis: Bespoke, tenor and yield customised per client; not published
Size: Not disclosed on any source we could read. source
Minimum: S$1,000 per token (versus S$250,000 for conventional bonds)
Who may hold it: Corporate accredited investors only, corporations with net assets exceeding S$10 million source
Redemption: Same-day settlement; ownership transfers, custody and redemption by token burning on OCBC's platform source
Cost to enter: not disclosed
Transferability: Permissioned. Transfers only between allowlisted wallets. It also settles only on a private permissioned ledger, with no public-chain representation.
Secondary liquidity: None. Private blockchain, no public-chain representation.

What we think you should know

This is the clearest genuinely COMMERCIAL SGD-denominated on-chain yield instrument I found. Commercially available from 6 Jan 2025; the first transaction (a manufacturing client) was in Nov 2024 with a tenor under one year. Type is coded tokenized government debt for lack of a better bucket, these are OCBC bank-issued debt securities, not government debt. Note the platform is a PRIVATE permissioned chain per SettleMint, not Ethereum/Base/Polygon etc. Neither issuance volume, outstanding size, nor indicative yields have been published, so aum_usd and yield_pct are null rather than estimated.

Sources

Other SGD instruments

Instrument	Ccy	Type	Yield	Size	Access	Confidence
StraitsX Earn, XSGD balance XSGD (underlying token)	SGD	lending deposit	1.00%	n/d	cannot be held	verified
Tokenized Phillip Money Market Fund Class I SGD	SGD	tokenized money market fund	not published	n/d	not established	inferred