Bonds are a crucial tool to finance investment projects. However, at the moment, the bond market is complex, not that transparent and filled with intermediaries. Those problems persist because a real exchange for bonds hasn’t emerged yet as it has for shares. Investment banks fill the void at great cost, putting bond emission outside the reach of most small and medium-sized enterprises.
Hopefully, major innovations in artificial intelligence and in blockchain-based financial technologies allow for the creation of a decentralized system of bond emission which would render obsolete the use of intermediaries like investment banks. Smartbonds’ mission is to fuel the revolution of the democratization of the financial markets.