Northern Trust will provide asset services for bond trading platforms based on distributed ledger technology

According to Businesswire, financial services giant Northern Trust and BondEvalue today announced a strategic partnership to provide integrated asset services and digital solutions for partial ownership of fixed-income bonds. The BondEvalue platform combines the capabilities of blockchain-based distributed ledgering (DLT) to enhance transparency and liquidity while providing institutional-level investment opportunities for new categories of investors. The Northern Trust will provide exclusive asset services. The cooperation is based on recent news that the BondEvalue platform has been allowed to enter the Monetary Authority of Singapore Sandbox Express to launch its blockchain-based bond exchange.