Blockchain-Powered Islamic Bonds to Fund Microfinance Projects in Indonesia27.38

Indonesian firm Blossom Finance has announced plans to launch blockchain-based sukuk, Islamic bonds, to fund microfinance projects in the Muslim-majority country.

The project, to roll out in the coming months, involves using distributed ledger technology to keep issuance costs low while attracting a large pool of retail investors, said Khalid Howladar, chief strategy officer.

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