LedgerEdge Launches First Regulated DLT Platform for Corporate Bonds

LedgerEdge, the next-generation ecosystem for trading, announced that it is live with the first regulated corporate bond trading platform built using distributed ledger technology (DLT), the technology underpinning blockchain ecosystems and digital markets.

LedgerEdge built an ecosystem using distributed ledger technology to modernize institutional-grade trading services and protocols in the $41 trillion global corporate bond market, much of which is still conducted by phone. It allows traders to keep full control over their data and use smart contracts to reveal only certain information, such as order and pricing, under specific conditions. The ability to share data using conditional, bilateral, and anonymous smart protocols increases the amount of pre-trade data available and therefore improves liquidity transparency. Smart contract orders also help reduce market impact as bid and inventory data only reach traders with compatible bids.

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"The first fully regulated bond trading platform built on distributed ledger technology is an important milestone for the industry," said David Nicol, CEO and Co-Founder, LedgerEdge. "Credit markets are on the cusp of a digital transformation that has come to other asset classes, and we are excited to be at the forefront in this important market. Client feedback has been an instrumental part of how we built our ecosystem, and I want to thank key participants for being integral to our development. I look forward to continuing that collaborative approach as volume grows and we continue to develop the product. We are bringing a new, modern ecosystem that emphasizes control and ease of execution to a historically illiquid market."