HSBC and Singapore Exchange will investigate whether DLT technology can improve efficiency in the bond market

On November 13th, HSBC and Singapore Exchange (SGX) will investigate whether blockchain or distributed ledger technology (DLT) can bring efficiency to the bond market. The purpose of the test was to use smart contracts to mark bonds on the ledger to address inefficiencies, streamline processes and mitigate market friction. HSBC said that DLT may ultimately reduce the costs of issuers, investors, bond arrangers and custodians.