DEAL: world’s first global blockchain bond (bond-i)

Author: Karry Lai | Published: 30 Aug 2018

The World Bank has launched the first global blockchain bond to be created, allocated, transferred and managed through distributed ledger technology (DLT).

Through the use of smart contracts in the bond, the goal is to automate the traditional bond issuance and streamline processes among debt capital market intermediaries and agents.

"Blockchain has the potential to enable much of the replication of books and records and the necessary reconciliations to be wrung out of current market structures," said Andrea Dore, head of funding, World Bank. "T+2 in days may one day become T+2 in minutes."

Launched on August 28, the bond raised A$110 million ($80.1 million approximately) and has a tenor two years. The Bond-i, which stands for 'blockchain...


 

 

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