Citi Securities Services today announced that it has become the first digital custodian participant of BondbloX Bond Exchange (BBX), the world’s first fractional bond exchange using the latest in distributed ledger technology.
BBX was launched in 2020 to simplify bond investing by allowing investors to track and trade bonds electronically. The launch was seen as a significant leap forward in revolutionizing bond trading, making it more accessible to a broader range of investors by fractionalizing full-sized bonds and bringing many of the benefits of equities trading to the bond market, in terms of improved access to the exchange trading of bonds and now the provision of settlement and custodial services in the BBX market.
The partnership with Citi allows Citi’s clients that meet certain criteria, to become BBX participants and begin trading bonds (both fractionalized…
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