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
"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...