World Bank Issued $108 Million Worth Of Blockchain Bonds
Friday, 08 30 2019, Category: Technology, Country: World
The World Bank recently raised $33.8 million (USD) in its second round of issuing blockchain bonds.
The deal entailed the sale of a “blockchain-operated debt instrument” (bond-i) per the Commonwealth Bank of Australia (CommBank), which jointly oversaw the sale with RBC Capital Markets and TD Securities.
This brings the total value of World Bank-issued blockchain bonds to $108 million (USD). The bonds utilize a private version of the Ethereum blockchain.
CommBank says the move entails “the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger technology”.