LedgerEdge Releases Regulated DLT Trading Platform for Corporate Bonds

LedgerEdge, an ecosystem for trading, announced that it had launched the first regulated corporate bond trading platform built using distributed ledger technology (DLT Distributed Ledger Technology (DLT) A distributed ledger or distributed ledger technology (DLT) is a database that is shared and synchronized across a number of different devices in different locations. DLT networks effectively eliminate the need for a centralized authority to act as the network’s custodian. In its place is a Peer-to-Peer (P2P) network as consensus algorithms to ensure replication across nodes is undertaken.The most common kind of distributed ledger network is a blockchain network. Blockchain networks are used to A distributed ledger or distributed ledger technology (DLT) is a database that is shared and synchronized across a number of different devices in different locations. DLT networks effectively eliminate the need for a centralized authority to act as the network’s custodian. In its place is a Peer-to-Peer (P2P) network as consensus algorithms to ensure replication across nodes is undertaken.The most common kind of distributed ledger network is a blockchain network. Blockchain networks are used to Read this Term).

According to the press release, the LedgerEdge platform is powered by R3’s Corda, a distributed, scalable, permissioned platform used to enable regulated markets to foster a sense of trust between parties. LeadgerEdge’s digital market is a decentralized, fully regulated Multilateral Trading Facility (MTF) by the UK’s Financial Conduct Authority (FCA). The LedgerEdge platform was developed with the cooperation of the world’s leading banks, asset managers and market makers.

Currently, 45 firms are trading on the UK MTF, and 70 are either onboarded or trading on the platform. More than 30 major asset managers are among them, including 7 out of the top 10 sell-side dealers.

Co-Founders Statements

“The first fully regulated bond trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term built on distributed ledger technology is an important milestone for the industry. 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,” David Nicol, the CEO and Co-Founder at LedgerEdge, commented.

Moreover, David Rutter, the Co-Founder at LedgerEdge, added: “Today’s announcement marks a momentous step for LedgerEdge. This is the culmination of pioneering ideas, work and important client engagement. Our ambitions have now been realized as we bring a next-generation platform to market that fundamentally solves the challenges of locating and promoting liquidity and data ownership. The decentralized system we built gives us the opportunity to rewrite the architecture in the bond market, and corporate bonds are just the beginning.”