Northern Trust & BondEvalue complete first fractionalised bond trade in Singapore

Northern Trust and BondEvalue have completed the first trade of a fractionalised 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 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.