Question : Who has launched the world’s first blockchain-based exchange(BondbloX Bond Exchange) ?
(a)Rahul Banerjee
(b)Sam Pitroda
(c)Sabeer Bhatia
(d)None of the above
Answer (a)
Related facts
- Singapore-based fintech BondEvalue, founded by Rahul Banerjee launched the world’s first blockchain-based exchange christened as BondbloX Bond Exchange (BBX).
- BBX makes possible fractional ownership of bonds by allowing them to be traded in smaller denominations of US$1,000.
- Blockchain is a technology that ensures transparency.
- The move should pave way for many more investors buying or selling bonds at a faster pace with transparency.
- The speed to market was made possible because of the Monetary Authority of Singapore (MAS)’s Sandbox Express, which provided BondEvalue with a faster option for it to test its innovation.
- BondEvalue already executed the first trade, which was between a Singapore citizen and a buyer who is a Singapore permanent resident.
By — Pankaj Pandey.