The leveraged loan market has fragmented, static and often delayed data.
The asset manager began investing in CLO tranches in 2016.
Participants had to 'bid in the dark,' with limited information on the state of the CLO trading market.
Investor interest in the CLO market continues to grow.
The demonstrates how securitization structures can be brought onchain with institutional standards.
First Brands Group filed voluntary petitions for Chapter 11 bankruptcy protection.
Structural inefficiencies have impeded institutional investors from fully participating in the CLO market.
The electronic syndicated loan trading platform has also raised $46.5m.
This will facilitate the launch of a CLO trading platform and developing data and analytics.
