Subscribe to Our Newsletter
Friday August 19, 2022
Bitcoin (BTC) $21,499.76   Ether (ETH) $1,702.85
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Koinly
CryptoNinjas
Home Distributed Ledger Technology

Blockex partners with Winston & Strawn LLP on its blockchain bond issuance platform

Published by CryptoNinjas.net
05/12/2017

Blockex, a digital asset platform created to handle the entire lifecycle of a digital asset exchange has partnered with Winston & Strawn LLP, an international law firm, which will create standardized legal documentation templates which will form the basis of the smart contracts establishing bond issuances through the platform.
These standardized templates, which will cover approximately 90% of the documentation required will dramatically reduce the time and costs for bond issuances. Blockex has 12 new issues currently under due diligence vetting and the intention is for the first issue to be made this month.
Blockex is leveraging its existing software to bring about enhanced automation to the entire lifecycle of a bond in order to reduce costs for market participants.
The Blockex digital asset platform is one of the few large-scale production-ready blockchain products and will be launching by the end of May 2017 with a full exchange, white label brokerage and debt origination tools that allows for full lifecycle management of blockchain based financial assets.
Angus Duncan, a finance partner at Winston & Strawn in London said:

“We have been closely watching developments in blockchain technology and have been looking at opportunities to create efficiencies for existing structures by incorporating blockchain technology. We are delighted to be working with Blockex on their exciting new project.”

James Godfrey MD Capital Markets at Blockex, who joined the firm back in March said:

“The Blockex platform will democratize bond issuances enabling small to medium-sized enterprises (SMEs) to tap bond markets at lower cost. A typical bond issuance will cost anywhere between $200,000 and $400,000 once banking and legal fees are accounted for.”

While most bond trading is over-the-counter, some organizations prefer to list on exchanges, and this can result in additional costs of $15,000 to $50,000. Some firms may need to obtain a rating for their bonds to increase their prospective customer base, and this can add a further $150,000 roughly.

Adam Leonard, CEO at Blockex

Adam Leonard, CEO at Blockex said:

“This makes it uneconomical and sometimes impossible for SMEs to exploit the bond market, and obtain access to capital markets. We believe that the Blockex digital asset xreation tool for SME debt via bonds, trade finance, and syndicated loans radically change this existing set-up.”
“We have received a lot of interest from SMEs who have been excluded from capital markets because the costs of going through a bond issuance are too high. The SMEs that are approaching us tend to be looking to carry out issuances in the region of between $10 million and $50 million.”

Current bond syndication costs simply make it too cost-inefficient for these firms to issue bonds. The Blockex platform will shave costs dramatically to less than half and potentially even a quarter of what it is currently.
“This is a huge opportunity for SMEs to access the bond market, and Blockex is proud to provide the gateway to make this happen,” said Aleks Nowak, CIO at Blockex.
Utilizing a blockchain enabled system also allows for instantaneous clearing and settlement of transactions. Bond trades, for example, taking place on the Blockex platform operate in T+30 seconds, as opposed to the industry norm of T+5 in what will significantly reduce counterparty risk. The tool also permits for unique levels of transparency, with KYC and due diligence available on the distributed ledger at the time of issuance.

7
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Stellar (XLM) support added to BlockEx Exchange Network

11/08/2018
BlockEx launches crypto exchange network with its first 4 partner brands

BlockEx, the digital asset exchange provider for institutional-grade financial markets, has announced that it now provides support for Stellar based digital assets across its trading exchange network. Adam Leonard, CEO at BlockEx, said: “Delivering...

Read more

BlockEx launches crypto exchange network with its first 4 partner brands

10/16/2018
BlockEx launches crypto exchange network with its first 4 partner brands

BlockEx, the digital asset exchange provider for institutional-grade financial markets today has announced the BlockEx Exchange Network, a multi-brokerage pooled liquidity trading platform, together with the first four white label partners who have launched...

Read more

BlockEx and Football Media partner to bring blockchain-based fan engagement to sports teams

09/25/2018
BlockEx and Football Media partner to bring blockchain-based fan engagement to sports teams

Blockchain digital asset exchange and technology provider BlockEx and Football Media today have announced a partnership to deliver club-brandable Initial Coin Offering and digital token trading exchange services to sports clubs, their fans, and...

Read more

BlockEx to list flash-sale offers for Modex ICO ahead of general sale

09/11/2018
BlockEx to list flash-sale offers for Modex ICO ahead of general sale

BlockEx, the digital asset exchange provider today announced it will be listing the next phases of the Modex ICO on its BlockExMarkets.com brokerage, using the new flash-sale token offer feature. Modex provides a Smart Contract...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
ELLIPAL now supports Zcash (ZEC) for cold storage and trading

ELLIPAL now supports Zcash (ZEC) for cold storage and trading

01/14/2020
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
SynFutures plans to integrate with Router Protocol to improve multi-chain access

SynFutures plans to integrate with Router Protocol to improve multi-chain access

08/11/2022
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Blocknative releases new tool to enable high-speed propagation of ETH transactions

Blocknative releases new tool to enable high-speed propagation of ETH transactions

08/11/2022
SynFutures plans to integrate with Router Protocol to improve multi-chain access

SynFutures plans to integrate with Router Protocol to improve multi-chain access

08/11/2022
New Serum powered DEX for Solana from Vybe Network launches

New Serum powered DEX for Solana from Vybe Network launches

08/10/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version