Northern Trust and BondEvalue to Deliver Fractionalized Bond Ownership Using Blockchain

A source from BusinessWire confirms that Northern Trust and BondEvalue have teamed up to launch  integrated asset servicing and digital solutions for fractional ownership of fixed income bonds. BondEvalue will use blockchain-based distributed ledger technology (DLT) for better transparency and liquidity and in order to make investing available to new investors. 

Justin Chapman, global head of Market Advocacy & Innovation Research at Northern Trust said: “Northern Trust is a strong advocate for the potential of blockchain. Our partnership with BondEvalue has the potential to allow a wider group of investors access to investments which were historically only available to larger institutions. It enables us to continue to lead and develop future market solutions supported by our focus on digitisation and blockchain technology innovation.”

Rahul Banerjee, founder, BondEvalue, said: “We are excited to work with Northern Trust in making bond markets more efficient and transparent for bond investors, via our fractional bond exchange. It is important for us to have a partner who recognises the potential of DLT and is nimble in their technological adoption. As we journey towards making bonds more widely accessible, we are delighted to have Northern Trust as a partner who offers investors and exchange participants the confidence in the integrity of the platform offering.”

Yen Leng Ong, country executive for Southeast Asia at Northern Trust, added: “Singapore has an advanced regulatory framework which enables the establishment of our relationship with BondEvalue. The partnership is a further step in our blockchain technology capability buildout for Asia-Pacific. And this marks a significant milestone for the Singapore branch, as Northern Trust’s regional headquarters."