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Engage with us directly or with our partners to gain access to BondbloX, fractional bonds with minimum trading sizes of $1,000. For any questions on onboarding, please contact Client Relations at bondblox@bondblox.com
What is BondbloX?
BondbloX represents fractional bonds traded on the BondbloX exchange, and contains fractional interests in the Underlying Bond.
Conceptually, BondbloX works exactly like American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) where an issuer, in this case, BondbloX Pte. Ltd (a Recognised Market Operator under the Monetary Authority of Singapore), re-lists the original bond (Underlying Bond) onto an exchange in a smaller minimum denomination, thereby allowing it to be traded in fractional sizes.
The BondbloX created works using simple pass-through mechanics where the beneficial entitlements to the Underlying Bonds are conferred to the BondbloX holder, based on the fractional size held.