BondEvalue and Finalto Sign Memorandum of Understanding

​BondEvalue, a Singapore based Fintech company and operator of BondbloX Bond Exchange (BBX), announced today that it has signed a Memorandum of Understanding (MoU) with Finalto, a technology solutions provider.

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According to the statement, the signing of the MoU will see Finalto joins BondbloX Bond Exchange, world's first fractional bond exchange, as a member.

Finalto is a market leader in next-generation multi-channel trading software, systems and liquidity services which are offered in a B2B capacity to their global partner network. BBX is a blockchain-based exchange that allows investors to trade bonds in USD 1,000 denominations, a fraction of the USD 200,000 typically required to invest in a bond.

“Finalto is at the forefront of providing technology solutions in all aspects of trading ecosystem apart from providing a trading platform to for customers as well,”said Rajesh Johar, Co-Founder and Chief Commercial Officer of BondEvalue.”We are delighted to sign a MOU and start a partnership with Finalto. Given their global reach, their understanding of the emerging technology in trading ecosystem and BondEvalue’s technology solution, together we can democratize the bond-market space.”

“We are excited to enter the MoU with BondEvalue and look forward to our future cooperation with BondEvalue. Like Finalto, they are a disruptive financial technology provider,”Alex Mackinnon, CEO, Finalto Singapore, added.