BondbloX, a fragmented bond exchange based on DLT, completed US$6 million in Series B financing, with participation from Citigroup and others

BondbloX, a Singapore-based compliance exchange for fragmented bonds using distributed ledger technology (DLT), completed a US$6 million Series B round of financing from Beacon Venture Capital, a subsidiary of Kasikornbank in Thailand, and original investors Citigroup and MassMutual Ventures , Potato Productions, Octava, etc. participated in the investment. BondbloX buys traditional bonds and holds them with a custodian, then splits those bonds, allowing investors to purchase in amounts as low as $1,000. Recently, BondBlox expanded its business to the International Financial Technology City (GIFT City) in the Indian state of Gujarat; it is also considering listing U.S. bonds, including corporate bonds and Treasury bonds. (Ledger Insights)