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Announcements
BondbloX Launches Asia’s First Bond Trading Platform for Individual Investors
Nov 1, 2023
- The platform launched in Asia, but is accessible to individual investors across the globe,
- It aims to democratize access to the global bond markets via a fractional investment model
SINGAPORE, 25 October 2023: BondbloX Bond Exchange (BBX), the world’s first fractional bond exchange, has today announced that its unified platform to track and trade bonds will be available for individual investors globally[1]. The launch of the platform offering, which follows the exchange’s success with its institutional offering, allows BondbloX to redefine the way that individual investors access bonds.
Through the BondbloX platform, individual investors will be able to buy, track and trade bonds at the touch of a button through the integrated app. BondbloX uses an exchange model for all-to-all order matching contrasting with the over-the-counter model that currently exists with phone dealers servicing individual investors. This allows individual investors to access transparent inter-bank bond pricing with no hidden spreads. The platform currently offers a wide selection of USD and SGD denominated corporate and sovereign bonds and will soon enable trading of US treasuries and US corporate bonds.
Through BondbloX, individual investors will have access to:
- A transparent fee structure of 0.20% per trade and 0.20% p.a. of bond holdings
- A wide selection of 70+ fractional USD and SGD bonds with a minimum denomination of just $1,000
- A wider selection of 10,000+ full-sized bonds of $200,000 / S$250,000
- Digital access to the platform from their smartphone.
Rahul Banerjee, CEO and Co-Founder of BondbloX commented: “Bonds are becoming an increasingly attractive asset class in the face of market volatility, with the opportunity for stability and higher returns. However, they remain unattainable for many investors due to the complexity of buying, tracking and trading this asset class, and we know that many individual investors simply don’t know where to begin when it comes to the world’s bond markets. The launch of BondbloX’s offering to individual investors is designed to solve this issue.
“We want to simplify access to bonds, giving a new audience the opportunity to diversify their portfolios and lock in these higher yields. We’re excited to be able to reach individual investors not only in Asia, but across the world, and democratise access to this exciting asset class through fractional investing,” he added.
BondbloX has been active within the institutional market since 2016 and is backed by Citi and MassMutual Ventures. The exchange is also regulated as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS).
This announcement follows the news last month that saw Citi revealed as the first digital custodian participant of BondbloX Bond Exchange (BBX) for the institutional market. The partnership will allow certain Citi clients to become BBX participants and begin trading bonds (both fractionalised and full-sized) almost immediately.
Individual investors can sign up to trade bonds on BondbloX by clicking here.
[1] subject to any local specific requirements
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.