The Luxembourg Stock Exchange has acquired a ten percent stake in London-based bond workflow outfit Origin.
Founded in 2015, Origin connects frequent borrowers and investment banks in the international debt capital markets in an online marketplace for private placements.
Origin claims to have 22 dealers and 85 issuers using the platform to generate, share and approve fully customisable term sheets and final terms. directly on the platform.
So far this year, debt instruments worth $20 billion have been originated on the marketplace.
Robert Scharfe, CEO of the Luxembourg Stock Exchange, comments: “Digital workflows will simplify and drastically improve the bond issuance process, and we are convinced that a fully digital debt origination process will bring multiple benefits to issuers and banks. Origin offers an excellent alternative to some of the inefficient and manual processes that still exist in capital markets."
Origin has recently opened offices in Paris and Hong Kong, and aims to double its headcount over the next twelve months.
LuxSE is the first institutional investor to invest in Origin.
Financial terms were not disclosed.