According to Citi’s release dated Sept 15, this partnership enables Citi’s clients to become BBX participants and begin trading both fractionalised and full-sized bonds almost immediately, provided that the clients meet certain criteria. Citi will provide settlement and custody services at the back end.
Citi Securities Services announces that it is the first digital custodian participant of BondbloX Bond Exchange (BBX), the world's first fractional bond exchange, regulated as a Recognised Market Operator by the Monetary Authority of Singapore (MAS).
BBX, which is based in Singapore, was launched in 2020 to allow investors to track and trade bonds electronically. It is backed by Citi and MassMutual Ventures.
