World Bank, CommBank Team Up For ‘World 1st’ Blockchain Bond Transaction

The World Bank and the Commonwealth Bank of Australia (CommBank) have teamed up to enable recording of secondary market bond trading using blockchain tech.

The institutions announced that their successful recording of a secondary transaction for bond-i, a blockchain-operated debt instrument, on a distributed ledger shows the “vast potential” of the technology, and marks the first bond to have both issuance and trading recorded on a blockchain platform.

Source- Coindesk

Static/Current Takeaways Important For LIC AAO Mains 2019:

  • Bond-i was first issued in August 2018 by the World Bank, with the CommBank being a sole arranger.

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