The fragmented bond exchange BondbloX, utilizing DLT technology, has completed a $6 million Series B financing, with Citigroup participating

ChainCatcher news, according to Ledger Insights, the fragmented bond exchange BondbloX, which adopts distributed ledger technology (DLT), has completed a $6 million Series B financing round, with participation from Beacon Venture Capital, the corporate venture capital arm of Kasikorn Bank in Thailand, as well as existing investors Citigroup, MassMutual Ventures, Potato Productions, and Octava.

Launched in 2020, BondbloX is a fractional bond exchange regulated in Singapore that uses atomic settlement and distributed ledger technology. BondbloX purchases traditional bonds, which are held by custodians, and then splits these bonds, allowing investors to buy amounts as low as $1,000, with Citigroup serving as its digital custodian.