Ulaanbaatar, December 27, 2023: Tera Group, a pioneering force in Mongolia’s financial sector, proudly announces the successful registration of the nation’s first-ever 24-hour traded bond.
The momentous occasion was marked by a ceremonial bell-ringing event, attended by prominent figures from the Mongolian Securities Dealers Association, Golomt Capital LLC, and the Financial Regulatory Committee. Tera Group’s trailblazing bond issuance, empowered by cutting-edge blockchain technology within Sandbox, signifies a paradigm shift in the investment landscape.
This groundbreaking initiative eliminates transaction limitations, allowing investors to trade seamlessly and without restrictions on the number of transactions - a landmark advancement in trading accessibility.
The introduction of this innovative infrastructure signals a pivotal moment in the evolution of Mongolia’s capital market. This infrastructure aims to reduce operational costs, mitigate registration risks, and minimize human engagement, fostering an environment conducive to a substantial increase in trade activity.
Tera Group expresses sincere gratitude to the Mongolian Securities Dealers Association, the dedicated project team, and the Financial Regulatory Committee for their strategic leadership in spearheading this transformative initiative. This collaborative effort sets the stage for an era of heightened efficiency and dynamism in Mongolia’s investment landscape.
Investment & Finance
