BlockEx, an institutional grade exchange, has partnered with international law firm Winston & Strawn LLP, to create standardized templates for approximately 90% of the legal documentation required for bond issuance. These smart contracts will dramatically reduce the time and cost for bond issuances and has garnered the company 12 new issues which are currently under due diligence vetting.
Furthermore, BlockEx is leveraging its existing software to bring about enhanced automation to the entire lifecycle of a bond in order to further reduce costs. The BlockEx Digital Asset Platform is a large scale production-ready Blockchain products and will be launching at the end of May 2017 with a full exchange, white label brokerage and debt origination tools that allows for full lifecycle management of Blockchain based financial assets. The BlockEx Platform is hoped to shave costs by 50 – 75%.