Singapore fintech BondEvalue launched BondbloX Bond Exchange this week, which claims to be the first blockchain-based exchange in the world, with the maiden trade executed on a bond from commodities giant Olam.

The unique element of BondbloX is that investors can trade in smaller denominations of $1,000, instead of typical bond trades of at least $200,000.

The first trade on the platform took place on Wednesday. The $8,000 transaction was between a Singapore citizen and a Singapore permanent resident,

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