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.
