World Bank created, raised, & transferred $33M bond on blockchain

posted 3 months ago
The World Bank raised $33 million for a bond on a blockchain. The report claims that this is the first bond which has been created, allocated, transferred and managed through its life cycle using distributed ledger technology (DLT).

Major banks have joined World Bank’s Bond-i blockchain platform. The bond platform employed reportedly allows for faster, more efficient and more secure transactions. It is part of a broader initiative to apply DLT by the World Bank.
Tags: blockchain, news