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The Commonwealth Bank of Australia (CBA) is claiming the world’s first bond transaction delivered solely using blockchain, having been charged with the honour by the World Bank.
CBA said it is the sole arranger of the first bond globally to be created, allocated, transferred, and managed using blockchain technology.
The “$AUD Kangaroo bond”, Blockchain Offered New Debt Instrument (bond-i), which uses a private Ethereum blockchain, has been developed alongside the Northern Trust, QBE, and Treasury Corporation of Victoria.
It is expected that once launched, the bond will be issued and distributed on a blockchain platform operated by the World Bank and CBA in Washington and Sydney, respectively.
Read full article » https://www.zdnet.com/article/commonwealth-bank-to-deliver-worlds-first-blockchain-bond/#ftag=RSSbaffb68
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