10XTS was invited as guests to spend time at the Ohio Government Finance Officer's Association (GFOA) with law firm, Ice Miller.
Local governments and municipal bond markets are a disconnected, patchwork quilt of legacy systems and silos of private syndicate networks. This creates significant inefficiency, a lack of secondary market liquidity, and exclusions costing issuers and investors billions of dollars annually.
For municipal government bond market participants, CommuniBond is a distributed ledger-based public debt issuance, management, and trade settlement software ecosystem.
Unlike the existing process of borrowing public funds, CommuniBond creates a transparent data solution for all participants in the marketplace, lowers costs – and ultimately creates financial inclusion for the average citizen to become an engaged stakeholder in their local public projects.
10XTS has entered into an exploratory customer discovery phase of research into a key market segment by launching a targeted brand, CommuniBond.
Design an automated buy-side syndication management platform & network for broker-dealer to offer institutional & high net worth access to sell-side auction environments.
Public finance bond issuers can reduce costs by automating bond issuance workflow to lower costs and allow direct to community participation in the sale.