Insights and News
The future of fixed income is atomic. In a world of ever-expanding complexity, the need for efficiency, security, and transparency is pressing. With increasing regulatory requirements, the shortening of settlement cycles, and evolving market demands, we need to look ahead to anticipate market needs. Rather than piecemeal automation solutions, Alphaledger is harnessing the power of purpose-built technology to implement atomic transactions.
This paper compares the efficiency of blockchain atomic transactions with the non-atomic / batched functions of DTCC, highlighting the strengths and weaknesses of each approach.
We talk to Alphaledger co-founder and CEO Manish Dutta about his firm’s quest to rebuild the fixed income market’s financial infrastructure, using blockchain.
Speakers: Manish Dutta, co-founder and CEO, Alphaledger; Gregory Sobel, AVP-Analyst, Moody’s Ratings
Host: Danielle Reed, VP – Senior Research Writer, Moody’s Ratings
Alphaledger, a leading provider of blockchain infrastructure for fixed income assets, focused on the origination and development of autonomous clearing, announced the first closing of its Series A funding round led by EJF Ventures, the investment arm of EJF Capital, with participation from KDX and strategic investors.
The funding will accelerate product development, expand footprint and support the continued adoption of Alphaledger’s innovative blockchain platform focused on asset origination and the development of autonomous clearing.
Alphaledger also announced a new commercial agreement with Tradeweb Markets to jointly develop new products leveraging its blockchain technology, continuing its collective efforts to deliver cutting-edge technology that strengthens the market infrastructure.
Alphaledger has recorded municipal bond originations on blockchain infrastructure in the United States, utilizing parallel recordkeeping. This milestone is the first step towards a fully on-chain life for municipal bonds, without needing the PDFs, faxes, and intermediaries required today. While Alphaledger is focused on origination, this first step sets in motion future smart contract capabilities, including on-chain clearing and custody.
A startup is modernizing the stodgy world of municipal bonds by using blockchain to originate deals. The company said it is a first in the $4 trillion market.
Alphaledger recently acted as the underwriter for three debt sales in New York, documenting the deals on its platform based on blockchain, the technology used for verifying and recording transactions that’s at the heart of Bitcoin. More municipal sales are in the works, company leadership said.
Muni Bonds Discover the Blockchain: Masters of the Muniverse
From the Bloomberg Intelligence series, hosts Eric Kazatsky and Amanda Albright discuss new developments at the intersection of the sleepy municipal bond market and blockchain technologies. This week we are joined by Tammie Arnold and Stephen Winterstein from Alpha Ledger.
After breaking new ground in exchange-traded funds for Pimco more than a decade ago, Manish Dutta and Tammie Arnold have set their sights on one of the more opaque corners of municipal finance.
Their company, Alpha Ledger Technologies, is seeking to modernize the market for direct lending to municipalities through a platform based on blockchain, the technology used for verifying and recording transactions that’s at the heart of Bitcoin.
A firm in the Pacific Northwest is trying to take blockchain-based municipal borrowing mainstream, and has announced its first loan in Oregon after launching with issuers in its home Washington state.
Small issuers in particular stand to benefit from, say the founders of Alpha Ledger Technologies, which just recorded a $1.345 million loan for the Port of Astoria, Oregon, its second such loan and first in Oregon.
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