BlockEx has partnered with Winston & Strawn LLP, an international law firm, which will create standardised legal documentation templates which will form the basis of the smart contracts establishing bond issuances through the platform.
These standardised templates, which will cover approximately 90% of the documentation required [will dramatically reduce the time and costs for bond issuances. BlockEx has 12 new issues currently under due diligence vetting and the intention is for the first issue to be made in in [May] 2017.
BlockEx is leveraging its existing software to bring about enhanced automation to the entire lifecycle of a bond in order to reduce costs for market participants.
The BlockEx Digital Asset Platform is one of the few large scale production-ready Blockchain products and will be launching 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.