Bond Trading

$1000-a-trade bond exchange eyeing 10% of Asia volumes: CEO

BondbloX, a blockchain-based bond exchange from Singapore-based fintech BondEvalue, aims to make bonds more accessible to high earners in Asia.

A newly minted exchange in Singapore plans to give individual investors access to the world of bonds by using technology to slice each security into 200 parts.

Fintech company BondEvalue, which this month received approval from the Monetary Authority of Singapore as a Recognized Market Operator, allows for bonds to be traded in smaller ticket-sizes of $1,000. That compares with a typical bond investment of at least $200,000, a figure that is too large to be a single financial investment for most individuals.

The marketplace, called BondbloX Bond Exchange, uses blockchain technology to settle trades -- which otherwise take two days in over-the-counter trades, where...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 1 article per month from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Share our publication on social media
Share our publication on social media