Date: 10 months ago   Category: Finance

The World Bank will release first-ever a blockchain bond — Rambler News Service


Photo: globallookpress.com the World Bank has addressed large financial conglomerate Commonwealth Bank of Australia with a request to issue the first-ever bonds on Ethereum blockchain base. "The World Bank has charged to Commonwealth Bank of Australia to become the only financial institution which will be engaged in issue of the first-ever bonds created, placed, transferred and operated throughout all his life cycle by means of technology of the distributed register" — it is said in the statement of the World Bank. The new type of the debt tool is called bond-i. Operations with bonds on a blockchain will begin to be performed on the special platform after consultations with investors. According to the treasurer of the World Bank Arunma Otekh, the organization was always guided by innovations and sought to satisfy investors. "Therefore we are glad that after several months of our collaboration with colleagues from the IT sphere and Commonwealth Bank of Australia, we have reached the moment of commission of our first transaction with bonds on a blockchain" — she has noted.

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