The prototype deal, dubbed a “Bondi” bond (Blockchain Operated New Debt Instrument) is being viewed as an initial step in moving bond sales away from manual processes towards faster and cheaper automation.
| less than a minute read
World Bank launches world-first blockchain bond
Get in touch
.jpg)
Get in touch
“You’re collapsing a traditional bond issuance from a manual bookbuild process and allocation process, an extended settlement then a registrar and a custodian, into something that could happen online instantaneously,” James Wall, executive general manager at CBA told Reuters in an interview earlier this month. The World Bank, whose bonds carry an AAA rating, regularly uses its borrowing power to help develop new bond markets as well as pioneering new means for selling and trading the securities.
Get in touch
Get in touch
