World Bank launches first bond instrument built on a blockchain with the Australian Bank77.23

The World Bank has launched the first bond on a blockchain with the Commowealth Bank of Australia.

The A$110 million ($87 million) bond-i (blockchain operated new debt instrument) — so named, I’m assuming, because of Australia’s famed Bondi Beach (bankers have the funnies!) — is the first bond to be created, allocated, transferred and managed using distributed ledger technology.

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