Question : BondEvalue is talking to two leading banks in India to launch the blockchain-platform early next year,” Rahul Banerjee(founder) told PTI on Sunday(18 October 2020) after getting approval as a global RMO from the Monetary Authority of Singapore.What is RMO ?
(a) Reknowned Market Operator
(b) Recognised Market Operator
(c) Restructured Market Operator
(d) None of the above
Answer (b)
Related facts
- BondEvalue is a Singapore based Fintech company that focuses on Asian bond markets.
- BondEvalue is talking to two leading banks in India to launch the blockchain-platform early next year,” Rahul Banerjee(founder) told PTI on Sunday(18 October 2020) after getting approval as a global RMO from the Monetary Authority of Singapore.
- Blockchain-platform aims to facilitate investment in bonds by individuals and common man.
- RMO stands for – Recognised Market Operator.
- The RMO allows BondbloX Bond Exchange (BBX), the world’s first blockchain-based bond exchange, to trade globally a wide range of fixed-income securities to the mass markets.
- BondEvalue officially graduated from the MAS’ regulatory sandbox on October 1, 2020.
- The MAS’ approval will help to accelerate engagements with potential partners.
By — Pankaj Pandey.
Link:
https://www.business-standard.com/article/markets/singapore-based-bond-trade-platform-set-for-new-year-launch-in-india-120101800564_1.html
https://economictimes.indiatimes.com/markets/bonds/bond-trade-platform-set-for-new-year-launch-in-india/articleshow/78733090.cms