Revolutionising fixed-income markets: Tenity invests in BondAuction to redefine the future of primary fixed-income markets.

Zurich, December 11, 2024 – We are thrilled to announce our investment in BondAuction, a pioneering platform to revolutionise the Primary Debt Capital Markets. In an industry where traditional processes are often slow, costly,and opaque, BondAuction delivers a groundbreaking digital solution designed to streamline bond issuance, improve market efficiency and accesibility.

BondAuction stands out for its digital-first, bestprice, auction methodology. This simplifies and accelerates bond issuance,while reducing costs and inefficiencies, and providing access to all investors regardless of size. Led by a team with deep expertise in financial markets and technology, BondAuction provides a robust and transformative solution to one of the financial sector’s historically complex challenges.

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"At Tenity, we seek to back bold ideas that modernize traditional financial processes. BondAuction’s platform addresses a long-standing inefficiency in fixed-income markets with a digital approach that’s both practical and transformative. We are excited to support their journey as they redefine how bonds are issued and traded.” Guillermo Forteza, Investment Manager at Tenity affirms.

Spencer Maclean BondAuction CoFounder states: "We are thrilled to partner with Tenity as we continue our mission to bring greater efficiency, transparency, and accessibility to primary markets. Their investment validates our approach and equips us to accelerate growth, ultimately benefiting issuers, underwriters and investors."

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BondAuction’s mission is to democratise access to primary markets through technology and innovation. By breaking down traditional barriers, the platform empowers a wider range of investors and issuers to engage in efficient and transparent market activities. With a focus on fostering inclusivity and accessibility,BondAuction is driving positive change in the financial sector. Its commitment to innovation and market transformation aligns seamlessly with Tenity’s vision of empowering groundbreaking ventures.

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About BondAuction

Though the adoption of technology in primary markets has been steady and gradual, the primary issuance process remains very manual and cumbersome. This has led to frustration for all market participants and makes it challenging to accurately capturing the precise information that would benefit execution for many regular issuers. With over 70 years combined experience in both bond markets and transformational technology solutions, the founders are driven by a vision of using technology to create a transparent, efficient and secure platform for issuers, investors and underwriters. The BondAuction® platform delivers on this vision for all market participants.

For more information, please visit: http://www.bondauction.com

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