Bond-i: The World’s First Blockchain Bond | News ICORating
  1. Home
  2. News
  3. Market

Bond-i: The World’s First Blockchain Bond

Bond-i: The World’s First Blockchain Bond

The World Bank has announced bond-i - the first bond to be created, allocated and transferred using blockchain technology. The Commonwealth Bank of Australia was hired to manage this process.

Arunma Oteh, World Bank Treasurer, stated: “Since our first bond transaction in 1947, innovation and investor satisfaction have been important hallmarks of our success with leveraging capital markets for development. Today, we believe that emerging technologies, equally offer transformative, yet prudent possibilities for us to continue to innovate, respond to investor needs and strengthen markets.”

Investors’ interest in bond-i has been strong, according to a press release. The World Bank believes that blockchain can make the process of bond issue more efficient and rapid, as the number of intermediaries will be reduced.

There are few technical details available, aside from the fact that the platform will use a private version of Ethereum - unlike Bitcoin - where validators must have a permission. A press release states that “the World Bank and CBA expect to launch the transaction following a period of consultation with a broader set of investors.”

Latest news

Japan Regulatory Authority Publicly Warns an Overseas Crypto Exchange

SB 101, a Gibraltar headquartered e...
21 Feb 2019

Top Tokens by Daily Trade Volume: Feb, 19

Top tokens by daily trade volume in...
21 Feb 2019

Investment News + DEX: dLab/EMURGO, Beam, and Nash

The dLab and EMURGO accelerator pro...
20 Feb 2019

Top Tokens by Transactions Count: Feb, 19

Top tokens by transactions count in...
20 Feb 2019

ICORating Weekly Report: 7th Week of 2019

This report includes data on severa...
20 Feb 2019

Blackmoon and FintechSauce Partnered for ETx Investment Vehicles

Blackmoon and FintechSauce came tog...
19 Feb 2019