Luxembourg-based NowCM, the digital bond issuance platform, has been involved in more than €10 billion of bond and commercial paper issuances to date. Last week it announced a collaboration with Singapore’s Marketnode, the blockchain platform founded by The Singapore Exchange (SGX) and government-owned investment firm Temasek. The two companies will work together on the digitalization of Asia-Pacific primary debt markets.
This follows the news three weeks ago that NowCM acquired the key assets of Nivaura, the capital markets automation firm backed by the London Stock Exchange. The stock exchange also deployed Nivaura’s technology as part of its DCM Flow platform. While Nivaura was not a blockchain company, it provided a workflow solution for bond issuance in a DLT-ready solution, enabling tokenization independent of any particular blockchain technology.
At the time, Nivaura’s CEO Scott Eaton, said, “Industry consolidation is a necessary step to bringing automation to capital markets and NowCM is a great partner to take our technology forward to the next level.”
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