iLex, Asia’s first corporate loans platform achieves US$10 billion of assets listed
Singapore, 4th November 2022 – iLex, a Platform-as-a-Service fintech that designs, builds and operates digital market infrastructures for the US$6 trillion syndicated loans and private credit market, announced today that it has US$10 billion of assets listed on its platform. The number of market participants across APAC and EMEA on iLex has also tripled in the last year.
The loan assets are listed in both the primary and secondary loan markets on iLex’s Marketplace, which comprises open and private venues to distribute and source loans more effectively. Marketplace has facilitated 2,500 introductions to deal opportunities to date.
“Achieving the US$10 billion mark is a significant milestone,” said Bertrand Billon, CEO and Founder of iLex. “Having attained a critical mass of assets listed and captured significant market share in APAC, we will next focus on user engagement to improve loan capital market practices in Asia and replicate this success in EMEA.”
iLex has onboarded or is in the process of onboarding 16 of the 30 largest banks in EMEA and APAC. Last December, 6 global syndicated loan bookrunners joined iLex as partner banks to drive innovation in the loan capital markets.
The partner banks have played an active role in driving the adoption of iLex by building up deal flows on the platform. In addition, some have been working closely with iLex to understand the industry’s needs and develop new trading protocols.
“Our collaboration with our partner banks has been vital in accelerating market adoption and new product innovations. We have successfully completed several proofs-of-concept, which are now being replicated with more market participants,” said Billon. “We continue to invest in transforming the loan markets, and are now working on more advanced features and integrations with them.”
iLex announced its launch in EMEA in September 2022, to bring its distribution and trading platform to the European market and boost cross-regional deal flows between APAC and EMEA.
iLex is a Platform-as-a-Service (Paas) fintech that delivers public and private market infrastructure solutions for syndicated loan markets (investment grade loans, leveraged loans, structured credit) and private debt markets and offers sellers to distribute and buyers to source primary and secondary loans more effectively. Through the use of its digital solutions and strategic partnerships, iLex builds platforms that are connected, collaborative, scalable and adaptable to multiple loan distribution channels for global banks, asset managers and debt advisors, supported by the most comprehensive loan market data and analytics. iLex was launched in 2019 and is based in Singapore. For more information, please visit www.ilex.sg.