Wednesday, 12 August 2020

BONDEVALUE AND NORTHERN TRUST COLLABORATE TO COMPLETE WORLD'S FIRST BLOCKCHAIN-BASED BOND TRADE

SINGAPORE, Aug 12 (Bernama-BUSINESS WIRE) -- Northern Trust (Nasdaq: NTRS) and BondEvalue today announced the completion of the first trade of a fractionalized blockchain-based bond.

The trade of a blockchain-based bond, known as BondbloX, was executed on BondEvalue’s platform with Northern Trust as the exclusive asset servicing provider. This comes after the two parties established a strategic partnership in November 2019 to deliver integrated asset servicing and digital solutions for fractional ownership of fixed income bonds operating from the Monetary Authority of Singapore’s Sandbox Express.

BONDEVALUE AND NORTHERN TRUST COLLABORATE TO COMPLETE WORLD'S FIRST BLOCKCHAIN-BASED BOND TRADE

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