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BlockEx launches digital bond service, enters FCA Sandbox as path to UK authorization

BlockEx, a digital asset exchange ecosystem has announced that its new digital bond service has been successfully selected for the FCA Sandbox in Cohort 4 as part of the roadmap to regulatory authorization. Initially, BlockEx is targeting SME bond issuers, lead managers, arrangers and investors, including members of relevant associations such as PIMFA and ICMA.

The FCA’s regulatory sandbox allows businesses to test innovative products, services, business models and delivery mechanisms in the real market, with real customers.

“Our new service is designed to revolutionize the Bond market by using the blockchain to provide a rapid and fully transparent bond issuing and lifecycle management solution. Using efficient processes and high ease-of-use, it even works for the £5m – £50m SME bond sector. Our technology bridges existing and blockchain based capital markets, so regulation is important to us. We are delighted to have been selected for the FCA Sandbox and look forward to moving through to full market authorization. Under the FCA oversight process, BlockEx would seek to issue a number of bonds with a nominal value of up to £250m.”

James Godfrey, Managing Director of Capital Markets at BlockEx

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