BondbloX, the Singapore regulated fractional bond exchange that uses DLT, announced a $6 million Series B funding. Beacon Venture Capital, part of Thailand’s Kasikornbank (KBank), is one of the backers joining existing investors Citi, MassMutual Ventures, Potato Productions and Octava.
Typically bonds have minimum investment amounts of around $200,000. BondbloX acquires conventional bonds and holds them with a custodian. It then fractionalizes the bond, enabling investors to buy amounts as low as $1,000.
“The bond market is broken globally, and BondbloX is on a mission to allow individual investors the same access to the market that institutional firms enjoy,” said Dr. Rahul Banerjee, Co-Founder and CEO of BondBlox.
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