NowCM Group and Marketnode have entered into an agreement to collaborate on the digitalisation of Asia-Pacific primary debt markets through a joint offering via Marketnode Gateway – a fixed income issuer services platform now integrated with NowCM’s transaction management applications to support Asia-Pacific bond issuances.
Lee Beng Hong, head of fixed income, currencies and commodities (FICC), SGX Group, said, “Being the leading listing venue for the APAC G3 bond market puts SGX Fixed Income in a unique position to enhance Asia’s bond market ecosystem. We are digitalising fixed income end-to-end from issuance to depository and welcome this partnership between NowCM and Marketnode that will bring higher efficiency to bond issuance processes. We look forward to collaborating with all market participants as we continue to push the envelope and develop a new digital paradigm for capital markets.”
NowCM Group chief executive officer and founder, Robert Koller, said, “We believe that a collaboration in Asia-Pacific between Marketnode, a leading Asian digital markets infrastructure operator, and NowCM, a leading European regulated provider of bond digitalisation solutions, has great potential to accelerate workflows and the adoption of tokenised traditional finance assets, thereby facilitating the transition of our issuer and dealer bank clients into digital economies.”
“When looking for a partner, NowCM was the obvious choice given its best-in-class technology and usage by leading issuers and banks. We will start the collaboration using NowCM’s transaction and data management system, but both partners plan to expand this collaboration for a true global offering,” added Marketnode general manager and chief product officer, Rehan Ahmed.
This partnership marks the beginning of a broad collaboration encompassing documentation, data, and workflow automation, designed to serve the needs of issuers, arranging banks, law firms and listing agents. NowCM’s and Marketnode’s joint capabilities could support new and established issuers in accessing the capital markets in a more efficient and effective manner with the goals of minimising manual processes, leveraging data-driven insights, and automating transaction workflows across deal teams.
This announcement follows shortly after the financial mission led by Luxembourg’s minister of finance, Yuriko Backes, to Singapore. Backes said that this announcement is “a welcome example of how Luxembourg and Singapore can increase their collective reach through collaboration in the area of financial technology. Luxembourg is an established innovation hub in capital markets and Asia offers significant growth opportunities for our fintech firms and digital solution providers.”
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