BondbloX Approved as Designated Digital Asset Platform by MAS

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Announcements

Jun 17, 2025

Highlights:

BondbloX becomes a designated digital asset platform under MAS’s Global‑Asia Digital Bond Grant Scheme (G‑ADBGS)
Enables issuers of qualifying digital bonds to access subsidies of up to SGD 450,000
Solidifies BondbloX’s Bond Exchange’s leadership in digital bond innovation

Singapore, June 17, 2025 – BondbloX Pte Ltd (“BondbloX”), Recognized Market Operator (“RMO”) of Singapore’s first DLT based bond exchange, today announced its formal approval as a designated digital asset platform under the Monetary Authority of Singapore’s Global‑Asia Digital Bond Grant Scheme (“G‑ADBGS”). [1]

Launched by MAS on January 15, 2025, the G‑ADBGS aims to catalyse the issuance and broader market adoption of digital bonds in Singapore and across Asia, offering subsidies covering 30 % of eligible issuance expenses—capped at SGD 250,000 for SGD 100 million-sized bonds and SGD 450,000 for digitally native bonds of SGD 200 million or more, with the scheme valid through December 31, 2029.

Strategic Milestone for Digital Bond Market

As a designated platform, BondbloX now empowers corporate and financial institution issuers with an Asian nexus to list digital bonds on the platform. It will work with Singapore licensed Global Joint-lead managers to enable these issuances to come to the market efficiently.

BondbloX is a pioneer in the tokenized bond market, having brought over 426 issuances, 46 jursidictions to market since the first transaction in August 2020. Linklaters, a leading global law firm, advised BondbloX on the inaugural issuance program and will continue to work on new issuances on the platform, in both tokenized and natively digital formats.

The BBX platform is unique that it allows efficient and regular secondary trading of these digital bonds and full life cycle management. Both cash and bonds are on the platform hence trades can match atomically. The tokenized bonds have a legal classification of debentures and have unique ISINs.

Dr. Rahul Banerjee, CEO of BondbloX, said: “This designation underscores our commitment to democratizing access to high‑quality digital bond infrastructure in Asia. Investors will adopt new technology when it is both useful and easy to use. Our market infrastructure will allow investors to trade digital bonds with the same ease as traditional bonds, plus accrue additional benefits of price discovery, speed and reduced counter party risk.”

Jon Horan, Managing Partner, Linklaters, remarked: “We continue to assist issuers and banks to issue digital bonds across the region. With the work done with BondbloX over the years, it is now easier for bonds to be traded uniformly across both traditional and digital formats in a legally consistent manner. We look forward to further supporting Asia digital bond innovation and adoption.”

What This Means for Issuers and Investors

Issuers operating from Asia can choose BondbloX to deliver digital bond issues with:

Seamless distributed ledger infrastructure
Access to G‑ADBGS co‑funding up to SGD 450,000
Compliance with listing requirements
Use of the multiple traditional lead managers via a neutral market infrastructure

Investors benefit from:

Fractionalised bond exposure from SGD 1,000
Transparent order‑book pricing, instant settlement, and zero counterparty risk
Rich data insights on bond yields, spreads, and performance

Next Steps

BondbloX is ready to onboard issuers and intermediaries guiding them through issuance mechanics, compliance checklists, arranger onboarding, and grant application timelines. Issuers keen on exploring opportunities should contact BondbloX’s Capital Markets team at bondblox@bondblox.com.

Media Contact
BondbloX Pte Ltd
Geoff Logan, COO

Email: geoff.logan@bondblox.com

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