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CGS-CIMB issues commercial paper on iSTOX blockchain tokenization platform

CGS-CIMB issues commercial paper on iSTOX blockchain tokenization platform – Ledger Insights – enterprise blockchain

iSTOX, the Singapore-based security token platform, has enabled CGS-CMB Securities to issue blockchain-based tokens for commercial paper. There is no parallel conventional issuance. The initial tranche of the three-month, 1% per annum notes was for S$10 million ($7.5 million), which was oversubscribed. However, over a one-year period with multiple tranches, it could issue up to S$150 million […]