Singapore's Oversea-Chinese Banking Corporation (OCBC) has launched a $1 billion blockchain-based US Dollar Commercial Paper (USCP) program, marking a significant milestone as the world's first full lifecycle blockchain issuance of USCP. The initiative is supported by JPMorgan's Kinexys Digital Assets platform and Digital Debt Service application. The first six-month note has already been issued, with proceeds earmarked for general corporate purposes.