Today's Edition
SINGAPORE (ALETIHAD)
Emirates NBD Singapore, the Singapore branch of Emirates NBD, has announced a strategic partnership with BondbloX, the Singapore-based fintech company that operates the world’s first fractional bond exchange. The collaboration aims to enhance BondbloX’s value proposition and support its growing international client base by opening new corridors for Lombard lending solutions.
The partnership, which will be formalised at the upcoming Singapore FinTech Festival, will allow BondbloX clients to access credit facilities from Emirates NBD Singapore, enabling them to obtain liquidity without selling their investments. This will support more efficient portfolio management while maintaining low transaction fees for investors.
Through this initiative, clients on the BondbloX platform will be able to use Lombard lending – a type of credit secured by liquid assets – allowing them to draw funds while retaining ownership of their holdings. The partnership fills a key gap for BondbloX clients, who previously did not have access to such financing options.
For Emirates NBD Singapore, the collaboration provides an opportunity to expand its client base and lending portfolio, while strengthening its wealth management offering to international and UAE-linked clients. The initiative builds on the bank’s existing referral model, which connects clients from the UAE and other jurisdictions to the Singapore branch.
Vanessa Leung, CEO of Emirates NBD Singapore, said, “Our collaboration with BondbloX is a great example of B2B partnerships that have the potential to create win-win situations. It enables clients to avail of credit facilities, enables BondbloX to plug a gap in its value proposition and helps us expand our reach. By offering Lombard lending to BondbloX clients, we are not only enhancing their investment capabilities but also growing our presence in key markets, particularly by serving the Middle Eastern client base.”
Dr. Rahul Banerjee, CEO of BondbloX, added: “BondbloX Bond Exchange, regulated by the Monetary Authority of Singapore, is dedicated to democratising access to bond markets. This collaboration with Emirates NBD Singapore allows us to further enhance our offering by providing our clients with much-needed leverage facilities, thereby making fractional bond investing even more attractive and flexible.”
