Global private market exchange ADDX has entered into a long-term partnership with OCBC Bank that will see both parties work together to put out a wider variety of investment products.
Through this partnership, ADDX will distribute OCBC’s first tokenised equity-linked structured note to accredited investors.
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.
The fixed coupon note, launched in early May, is the first product issued by a Singapore bank to land on ADDX’s shelf.
To date, ADDX has listed more than 70 deals on its platform and worked with blue-chip names such as Hamilton Lane, Partners Group, Investcorp, Singtel and CGS-CIMB, as well as Temasek-owned entities Mapletree, Azalea, SeaTown and Fullerton Fund Management.
Asset classes available on ADDX include private equity, hedge funds, venture capital, private credit, real estate, debt and structured products.
Kenneth Lai
Kenneth Lai, Head of Global Treasury at OCBC Bank said,
“While we already have a comprehensive stable of treasury products which includes sustainability-linked interest rate swaps, cross currency swaps, structured deposits and green bonds, it is important that we continue to innovate and find new channels for our products.
We are therefore pleased to be the first Singapore bank to offer an equity-linked structured note in tokenised form on ADDX.”
Oi-Yee Choo
Oi-Yee Choo, CEO of ADDX said,
“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.”
