Provider at a glance
- Category
- Tokenised Bonds
- Entity
- Not verified
- Official website
- bondblox.com
Independent rankingchecked How it works
Details
Scored 79 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
BondbloX Bond Exchange
Bond exchange from Singapore
Tokenised Bonds
#1 Overall
Ranked #1 of 7 tokenised bonds in the published ranking
79
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is BondbloX Bond Exchange right for you?
Right for you if these matter most
- Paper you hold in default9/10, the category best
- Open to you6/10; the category best is 7
- Exit tested7/10, the category best
- Cost vs buying direct9/10, the category best
Not yet tested for your country. Markets it lists: Asia, Middle East & North Africa. Restricted: United States.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best tokenised bond shows where it lands for you.
What will BondbloX Bond Exchange cost you?
Not priced on this basis
- Your balance
- $10k
How safe is BondbloX Bond Exchange?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
Alternatives to BondbloX Bond Exchange
Compare all 4- 2Etherfuse (Stablebonds)10 points below · weaker on paper you hold in default (4 against 9)69
- 3Ondo Global Markets (bond ETF line)11 points below · weaker on cost vs buying direct (5 against 9)68
- 4OpenTrade (Fixed Income Yield Vaults)11 points below · stronger on open to you (7 against 6)68
For your setup
Find out if BondbloX Bond Exchange fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where BondbloX Bond Exchange lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
- No account required
- Ranking-blind: no commercial input
- Personalised in under 60 seconds
Find my best tokenised bondNothing is inferred from clicks, popularity or commercial value.
Why it leads
Why BondbloX Bond Exchange ranks #1
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (24.8 here) sit inside the score; availability, friction, trust record and measured data add the rest. Best in this ranking on 3 of 4.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
309+8.647.09#1/7Loading evidence…
256+4.805.07#2/7Loading evidence…
257+5.606.07#1/7Loading evidence…
209+5.766.09#1/7Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin+10over Etherfuse (Stablebonds), #2
RobustnessHoldsacross a one-point change to each of its 4 criterion scores, the re-run scores 79–80 and stays #1
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of BondbloX Bond Exchange’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU? 9 → 3 on its ladder · Etherfuse (Stablebonds) passes it−677#1 → #3
What is the published exit route - and is there any dated evidence a holder used it? 7 → 0 on its ladder · Etherfuse (Stablebonds) passes it−777#1 → #3
What does the token route cost me over just buying the bond or the ETF? 9 → 0 on its ladder · Etherfuse (Stablebonds) passes it−977#1 → #3
Strengths
4 from the score dataWhere it leads
Best for readers who weight
- If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU? — 9/10, the category best
- Am I allowed to buy this at all - in my country, at my wealth level, today? — 6/10, category best 7/10
- What is the published exit route - and is there any dated evidence a holder used it? — 7/10, the category best
- What does the token route cost me over just buying the bond or the ETF? — 9/10, the category best
Tradeoffs
0 from the score dataWhere it trails
No scored criterion trails the category best by two points or more, so no tradeoff can be stated from the data.
Record watch-outs
- Ranked first, and NOT an onchain instrument in the sense this site normally means. BondbloX runs a PRIVATE PERMISSIONED Hyperledger Sawtooth ledger: no public chain, no token standard, no contract address, no wallet, no self-custody. Its own FAQ disclaims the category outright — 'No. BondbloX is a debenture within the definition of securities in the SFA and is not linked to any cryptocurrencies.' The four scored criteria measure what the instrument conveys, who may buy it, how you exit and what it costs, and BondbloX answers those better than the rest of this pool; none of them asks whether you can hold the thing yourself. If that is why you came, the ranking is not answering your question. You almost certainly cannot buy this yourself. The exchange 'is licensed to deal with Expert, Professional and Accredited Investors ... directly', the only membership classes published on https://bondblox.com/join-the-bond-exchange are institutional (Direct Agent Member Participant, Direct Principal Member Participant, Designated Market Maker), the application form is 'available on request', and the site's own 'Get Started as an Individual' and 'Sign Up' buttons are served as href="#" — so an individual reaches this product only as a client of a member bank or broker, whose insolvency, not BBXPL's, is then the claim the FAQ tells you to chase: 'you must look to the liquidator or administrator of your Direct Agent Member Participant in relation to your rights arising under the BondbloX.' The second sting: BBXPL states plainly that 'no diligence has been performed on the Underlying Bonds' and that it 'has not published, and does not intend to publish, any financial statements.'
Competitive position
Where BondbloX Bond Exchange leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#4 / 711.0 of 20 · best 14.0
Published criteria#1 / 718.6 of 30 · pool best
Friction#1 / 72.7 of 10 · constant here
Trust record#1 / 73.2 of 8 · constant here
Measured data#1 / 78.3 of 18 · constant here
Where BondbloX Bond Exchange leads
- If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU?#1 / 7
- Am I allowed to buy this at all - in my country, at my wealth level, today?#2 / 7
- What is the published exit route - and is there any dated evidence a holder used it?#1 / 7
- What does the token route cost me over just buying the bond or the ETF?#1 / 7
Where it trailsNo criterion in the bottom third of its pool.
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
Etherfuse (Stablebonds)#2 of 7 · score 69 · 10.0 points behind
BondbloX Bond Exchange leads on
- If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU?9 vs 4
- Am I allowed to buy this at all - in my country, at my wealth level, today?6 vs 5
- What is the published exit route - and is there any dated evidence a holder used it?7 vs 5
Etherfuse (Stablebonds) leads onNo scored criterion
Largest single reason BondbloX Bond Exchange is ahead: published criteria (+17.7 display points).Scenario cost: Etherfuse (Stablebonds) has no verified pricing for this scenario.
Ondo Global Markets (bond ETF line)#3 of 7 · score 68 · 11.0 points behind
BondbloX Bond Exchange leads on
- If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU?9 vs 7
- Am I allowed to buy this at all - in my country, at my wealth level, today?6 vs 4
- What is the published exit route - and is there any dated evidence a holder used it?7 vs 6
Ondo Global Markets (bond ETF line) leads onNo scored criterion
Largest single reason BondbloX Bond Exchange is ahead: published criteria (+13.5 display points).Scenario cost: Ondo Global Markets (bond ETF line) has no verified pricing for this scenario.
OpenTrade (Fixed Income Yield Vaults)#4 of 7 · score 68 · 11.0 points behind
BondbloX Bond Exchange leads on
- If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU?9 vs 2
- What does the token route cost me over just buying the bond or the ETF?9 vs 3
OpenTrade (Fixed Income Yield Vaults) leads on
- Am I allowed to buy this at all - in my country, at my wealth level, today?7 vs 6
Largest single reason BondbloX Bond Exchange is ahead: published criteria (+19.0 display points).Scenario cost: OpenTrade (Fixed Income Yield Vaults) has no verified pricing for this scenario.
Against #2
79 vs 69 · gap 10.0Why BondbloX Bond Exchange ranks above Etherfuse (Stablebonds)
DimensionThisEtherfuse (Stablebonds)Gap share
Availability · 23% weight11.014.0−7.8, worse
Published criteria · 35% weight18.611.8+17.7, better
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight · constant here8.38.3same
Published criterionThisEtherfuse (Stablebonds)Points
If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU? · w3094+4.80, better
Am I allowed to buy this at all - in my country, at my wealth level, today? · w2565+0.80, better
What is the published exit route - and is there any dated evidence a holder used it? · w2575+1.60, better
What does the token route cost me over just buying the bond or the ETF? · w2096+1.92, better
Net7969+10.0
Your scenario
BondbloX Bond Exchange is not priced for this scenario
The annual management fee on your balance. Excludes performance fees, spreads and any redemption charge. Change an input and every figure recomputes from the published rate; the published rank does not move.
your cost/yr · default scenario — set your own
Your balance · your input$10k
Rate read from the provider’s published pricing ↗ on 29 September 2026.
your cost/yrCost is stated as your cost/yr in USD; it is never a yield, never annualised, and it does not enter the score.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 7 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
7 of 7 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 29 September 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessHoldsrank #1 across every one-point re-run
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 29 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU?strength 9 · weight 30Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Am I allowed to buy this at all - in my country, at my wealth level, today?strength 6 · weight 25Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.What is the published exit route - and is there any dated evidence a holder used it?strength 7 · weight 25Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.What does the token route cost me over just buying the bond or the ETF?strength 9 · weight 20Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Insolvency failure (BondbloX Bond Exchange 9/10): the firm or issuer that owes you cannot pay.Scored by If the issuer goes under, what paper do I actually hold - a bond, a certificate, or an IOU? · 30%
- Regulatory failure (BondbloX Bond Exchange 6/10): no licence where you are, or a forced market exit.Scored by Am I allowed to buy this at all - in my country, at my wealth level, today? · 25%
- Exit failure (BondbloX Bond Exchange 7/10): you cannot get out at par, on time, or with what is yours.Scored by What is the published exit route - and is there any dated evidence a holder used it? · 25%
Not assessed by this ranking: Contract failure, Control failure, Custody failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: What does the token route cost me over just buying the bond or the ETF? (20%).
Facts
facts, not scoresWhat the record publishes
- Pricing
- Fetched 29 September 2026 from the BondbloX Market Information page (https://
bondblox .com /trade-bonds /market-information), section Fees: "The exchange adopts the following fee schedule for all trading participants." / "Applicable Fees relevant to non-institutional members." / "(For institutional members, please refer to the relevant fee letters / agreements)". Trading, per transaction - "Accounts with AUM* greater than USD 5 million": "US and Singapore Treasuries: 0.05 %", "Corporate bonds and other bonds: 0.10 %"; "Accounts with AUM* from USD 0 - 5 million": "US and Singapore Treasuries: 0.05 %", "Corporate bonds and other bonds: 0.20 %". Platform Access, per month - above USD 5 million "Waived"; USD 0 - 5 million "Capped at USD 100 per month, annualised fee of 0.2 % on bonds AUM". Securities/Cash Transfer - "Transfer in - Bonds: NIL", "Transfer out - Bonds: 0.10% on notional", "Transfer in - Cash: NIL", "Transfer out - Cash: NIL", "Note: Recipient/Corresponding banks may apply charges". Model Portfolio Fee, annualised on AUM - "2026 IG Bullet - Financials 0.20%", "2027 IG Bullet - Financials 0.20%", "India USD Bonds 0.30%", "US IG Alternative Credit 0.40%", "AT1 Bank Perps 0.50%"; "Applicable Fees for each Model Portfolio are applied in addition to the Trading and Platform Access fees." Model Portfolio Unbundle Fee - "For Model Portfolios held for one (1) year or more" "Waived"; under one year from "0.20% on market value" (2026 and 2027 IG Bullet - Financials) to "0.50% on market value" (AT1 Bank Perps). "* AUM refers to both cash & bond holdings, as of the last business day of the preceding month." The Fees section carries no version number and no effective date, and does not quantify the dealing spread in the regular bond window. Every figure is unchanged from the 19 August 2026 read.BondbloX Bond Exchange — official pricing page ↗ · 29 September 2026 - Prices published in
- USDBondbloX Bond Exchange — official pricing page ↗ · 29 September 2026
- Licences held
- Not published
- Compliance level
- partial
- Regulatory note
- READ ON https://
content .bondblox .com /uploads /Bondblo _XIM _V8 _010925 _5026f6e1df .pdf (Information Memorandum Version 8, cover page: 'This Information Memorandum is dated 1 September 2025.'; linked as 'BBX Information Memorandum' from https:// bondblox .com /trade-bonds /resources) — cover: 'BondbloX Pte. Ltd.1 (incorporated with limited liability in Singapore with Company Registration No. 201616935E)'. - Supported chains
- Not published
- Markets served
- asia, mena
- Primary markets
- Not published
- Restricted markets
- United States
- Operating limits
- Not published
- Availability note
- MARKET RESTRICTION, not the standard OFAC/sanctions representation. There is no sanctions or OFAC clause anywhere on the site or in the Rulebook's admission criteria; what restricts this product is a securities-law offering structure plus an investor-class gate. (1) United States, excluded by offering structure, https://
content .bondblox .com /uploads /Bondblo _XIM _V8 _010925 _5026f6e1df .pdf p.61: 'The BondbloX have not been and will not be registered under the Securities Act and, subject to certain exceptions, may not be offered or sold within the United States.' and 'The BondbloX are being offered and sold outside of the United States in reliance on Regulation S.' The IM's cover reinforces it: 'MAY NOT BE FORWARDED TO ANY U.S. ADDRESS.' (2) Singapore, open only to Expert / Accredited / Professional Investors (IM p.61; Rulebook 4.1). (3) Hong Kong, India and the United Arab Emirates each get a bare local-law compliance representation with no eligibility detail, e.g. 'BBXPL has represented and agreed that the BondbloX have not been and will not be offered, sold or publicly promoted or advertised by it in Hong Kong other than in compliance with any laws applicable in Hong Kong governing the issue, offering and sale of securities.' (4) Everywhere else is devolved to the buyer, Rulebook V7.9 Rule 4.1.2: 'it may purchase Eligible Instruments on the BBX in compliance with all applicable rules and regulations of any relevant country or jurisdiction'. (5) A separate website-only disclaimer, https:// bondblox .com /terms-of-use clause 4 'Access to site outside of Singapore': 'We make no promise that the materials on the Site are appropriate or available for use in locations outside Singapore. Accessing the Site from territories where its contents are illegal or unlawful is prohibited.' — this governs the website, not market access. (6) No positive country list is published anywhere; https:// bondblox .com /trade-bonds /market-information /faq says only 'There are selling restrictions that may apply depending on jurisdiction. For further details, please contact us to find out more.' supportedRegions is therefore set to the two regions evidenced by named member firms and the operator's own domicile (Singapore/Indonesia for asia; Dubai/Emirates NBD/Apexera for mena) rather than 'global', which the Reg S structure would only loosely justify and which the US exclusion refutes outright.
No confirmed legal entity is on file for this record. Nothing is inferred from the brand name.
If something goes wrong with BondbloX Bond Exchange: where to complain, and where to report a scam
Loading the routes for your country.
How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
10 methodology entries
- 29 September 2026Current verified snapshot · methodology 2026.10.18Score 79, #1 of 7. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.7Forty-one more products are offered only where their own quoted terms serve- fixed 141 country exclusions on 31 rows, each the name of a country the row's own quoted terms exclude: for example Mercuryo Hungary, China, Pakistan, Bangladesh, Chile, Colombia and Morocco; Gemini Custody the United Kingdom, Australia and the EU after its wind-down; Backed xStocks the US, Canada, the UK, Australia, Nigeria, the Philippines and Venezuela.
- changed Thirteen rows list the only countries their terms serve: Coins.ph the Philippines, Spritz bill pay, Brex, Unchained, WisdomTree, Franklin BENJI and AnchorWatch the United States (with its territories for AnchorWatch), PRYPCO Mint the UAE, N26 crypto seven EU countries, Gemini Tokenized Stocks the EU, XNET the US, Canada and the UK, Coldbit Steel and MetaMask Card the countries they list.
- changed Published (no-country) orders do not move. Country results change: in India six categories each lose one row (bill pay, cards, off-ramps, P2P, seed backup, tokenised real estate), and bill pay there has no row confirmed available, so it shows the published order marked as such; country pages list 23 fewer rows (24,357 to 24,334). The grounding test now matches full country names in any case, which shows seven earlier exclusions were quoted all along: the named debt of unquoted exclusions falls from 40 to 33 pairs.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
Methodology 2026.10.18, the same published run every visitor sees · receipt tokenised_bonds:bondblox_bonds_tok:2026.10.18:1c8b9a74b30d
Are you BondbloX Bond Exchange? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.