Nasdaq launches Nasdaq Primary in partnership with Onbrane

By Edlyn Cardoza

Nasdaq announced the launch of Nasdaq Primary, helping companies digitalise the process of raising debt capital by bringing all market actors together on one platform. The product is launched in partnership with Onbrane; a European FinTech company focused on producing sustainable and innovative solutions for the debt market leveraging web-based technology.

Nasdaq Primary is a software-as-a-service (SaaS) solution that provides all debt market participants with a comprehensive platform to structure, negotiate, issue, and invest in short-term debt instruments. Through the partnership, Onbrane operates as a technology fabric providing an innovative and flexible way of connecting counterparties and enabling the negotiation and issuance of debt in a standardised format, thereby potentially reaching deals faster and more securely by avoiding manual data entries.

“The global debt markets are undergoing a paradigm shift where automated technical solutions are being introduced to support efficiency. We look forward to boosting this shift by combining Onbrane’s platform with Nasdaq’s extensive experience in building market solutions. We believe this partnership could benefit all market participants,” said Ann-Charlotte Eliasson, Vice President and Head of European Debt Listings and Sustainable Bonds at Nasdaq.

Onbrane is a France-headquartered service provider and a leader in the digitalisation of the primary debt market. Onbrane counts as clients of some of Europe’s largest public and private issuers, including prominent banks, brokers, and asset managers.

“Onbrane’s purpose is to help build a better, more sustainable primary debt market. We couldn’t think of a better partner than Nasdaq to do so. In addition to sharing the same passion for technology, Nasdaq and Onbrane share the same commitment and focus on bringing innovative technology to the debt market. We are very excited to partner with Nasdaq to provide the global primary debt market with a market infrastructure that answers today’s growing demand for efficiency, security compliance and sustainability,” said Pascal Lauffer Onbrane’s co-founder and CEO.