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BondbloX Pte Ltd (BondbloX), the world’s first fractional bond exchange, and TSFC Securities Public Company Limited (TSFC), a premier securities finance corporation (SFC) in Thailand, have signed a Memorandum of Understanding (MoU) to explore the potential for a strategic partnership aimed at investigating the expansion of BondbloX activities within the Thai capital market.
The MoU, signed by Dr. Rahul Banerjee, Co-Founder & Chief Executive Officer of BondbloX, and Mr. Udomkarn Udomsab, President of TSFC, establishes a framework for mutual evaluation of a feasible structure that could potentially provide Thai investors with enhanced access to overseas debt securities through brokers and asset management channels.
BondbloX’s platform offers fractional and full bond trading with price transparency, accessible via user-friendly web and mobile interfaces. TSFC Securities intends to leverage its extensive network of partners in Thailand and in-depth knowledge of the Thai securities market, while BondbloX aims to contribute its experience in the fixed income market and electronic distribution.
TSFC Securities will also share its knowledge, expertise, and experiences on relevant onshore laws, regulatory frameworks, best practices, and industry standards in Thailand.
“Mr. Rahul Banerjee, Co-Founder / CEO of BondbloX stated, ‘We are excited to explore the potential of working with TSFC Securities to understand how BondbloX’s platform could potentially be integrated into the Thai capital market, particularly within the broker and asset management sectors. This MOU represents a step towards investigating innovative solutions for Thai investors.’”
“Mr. Udomkarn Udomsab, President of TSFC, stated, ‘This MoU reflects our commitment to exploring potential opportunities that could enhance the Thai investment landscape and provide our client base with increased access to global investment opportunities. We look forward to working with BondbloX to explore the possibilities.’'