28 September 2022 – London, Singapore – Archax and BondEvalue today announced a strategic partnership to deliver digital solutions for the ownership, trading and custody of fractional fixed income products using blockchain technology.
Archax, the first and only FCA regulated digital securities exchange, broker and custodian, will enable their clients to access investment opportunities on BondEvalue’s regulated platform, the BondbloX Bond Exchange (BBX), a blockchain-based bond exchange which allows investors to conduct electronic trading of fractional bonds (BondbloX) from as low as $1,000. Archax will provide access to the fractional bonds on BBX via their broker membership, enabling investors to create a diversified portfolio of institutional grade bonds with transparency and at low cost.
Graham Rodford, CEO and co-founder of Archax, commented “Our partnership with BondEvalue will allow a wider group of investors access to investments which were historically only available to larger institutions because of a high entry threshold. It enables us to continue to lead and develop future market solutions supported by our focus on disrupting capital markets using blockchain technology innovation. The partnership is a further step towards our buildout for Asia-Pacific as we start to scale Archax globally.”
Dr. Rahul Banerjee, CEO and co-founder of BondEvalue, added: “The Archax team are leaders in the regulated DLT space, and we are excited to work with them in democratising the bond market. Working together, we will form a ‘bond-bridge’ between Europe and Asia.”
Archax is a global, regulated, digital asset exchange, brokerage and custodian headquartered in London. Founded by experts from the financial markets world and backed by an accomplished advisory board, Archax offers a credible bridge between the decentralised finance and the traditional finance investment space.
Archax was the UK's first FCA regulated digital securities exchange, broker and custodian. It was also the first firm on the FCA's Cryptoasset register.
Archax has been designed specifically for institutional investors to trade in all types of digital assets, from cryptocurrencies to digital securities. It is built using existing, proven, resilient, scalable, high-performance exchange infrastructure, hosted in top-tier datacentre space, and integrated into an existing institutional trading workflow.
BondEvalue is a fixed income-focused fintech that has launched the world's first fractional bond exchange – the BondbloX Bond Exchange (“BBX”). Regulated as a Recognised Market Operator by the Monetary Authority of Singapore, BondEvalue transforms the bond market globally by enabling investors to conduct electronic bond trading of fractional bonds via partner banks and brokers. The company’s proprietary technology and enterprise-grade blockchain enables fractional bond (“BondbloX”) investors to buy and sell bonds in denominations of SGD/US$1,000 instead of the usual SGD 250,000/US$200,000. As an exchange, settlement is atomic and prices are fully transparent. BBX provides investors instant access to bond markets and diversification opportunities for their investment portfolio. BBX has integrated with global custodians Northern Trust and Citibank. The bond exchange has members from across the world and lists the most popular EM G3 bonds.