Thu, Jul 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BlockEx partners with Winston & Strawn on smart contracts for blockchain backed bond issuance

Thursday, May 18, 2017

Bailey McCann, Opalesque New York:

London-based BlockEx, a provider of blockchain based technologies has partnered with Winston & Strawn, an international law firm on a blockchain backed smart contracts project. BlockEx is working with the law firm to create legal documentation templates which will form the basis of smart contracts that will be part of a bond issuance platform developed by BlockEx and supported by blockchain technology.

The goal of the project is to use smart contracts to improve cost and speed to market of new bond issuances on the platform. The templates will cover approximately 90 percent of the documentation required for a bond issuance. BlockEx already has 12 new bond issues in due diligence vetting with the intention for the first issue to be made this month, using the smart contract templates.

"We have been building BlockEx for three years and are ready to come to market with a compliant exchange for blockchain assets," explains BlockEx CEO Adam Leonard in an interview with Opalesque. According to Leonard, the firm partnered with Winston & Strawn because they were looking for a top law firm that also has an international presence.

The BlockEx Digital Asset Platform will launch with a full exchange, white label brokerage and debt origination tools that can be used for full lifecycle management of Blockchain-based financial assets. The company says that the goal of the platform is to democratize bond issuances and allow small to medium-s......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl

  2. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  3. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  4. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  5. Seward & Kissel launches new compliance service[more]

    Bailey McCann, Opalesque New York: The law firm that formed the first hedge fund - Seward & Kissel - has launched a new compliance service for asset managers. Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm's attor