Northern Trust set to further leverage blockchain for fractionalized bonds

The custody bank, Northern Trust is testing blockchain for the issuance of fractionalized bonds.
Northern Trust will be partnership with Singapore-based debt markets company BondEvalue.

$Northern Trust set to further leverage blockchain for fractionalized bonds$

Ken Chigbo Independent Analyst

Northern Trust, custody bank is looking to leverage blockchain for fractionalized bonds on the network. The bank will be working with a Singapore-based debt markets company BondEvalue.

It is a move which demonstrates Northern Trust’s continued interest in the technology, following the development and then selling of its private equities blockchain, which shortens the time to market for new high-tech private equity funds.

Justin Chapman, global head of market advocacy and innovation research at Northern Trust said:

We’re building capabilities we feel will be reusable across multiple asset classes and multiple jurisdictions,” said of the new bond pilot. “Our focus on this initiative is to help bring the exchange to life and then we offer the highest grade asset servicing capability in that digital environment.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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