The World Bank is Preparing For the World's First Blockchain Bond (cnbc.com)

The World Bank has mandated Commonwealth Bank of Australia to arrange the world's first blockchain bond. From a report: The Kangaroo bond, referring to foreign bonds issued in Australia in the local currency, has been named bond-i, an acronym standing for Blockchain Offered New Debt Instrument. (It's also a reference to Bondi Beach, an iconic spot in Sydney.) According to the institution, the bond will be the first in the world to be created, allocated, transferred and managed with blockchain technology. That tech, which underpins cryptocurrencies like bitcoin, refers to the distributed ledger technology that securely records all transactions made on the chain. "Blockchain has the potential to streamline processes among numerous debt capital market intermediaries and agents. This can help simplify raising capital and trading securities; improve operational efficiencies; and enhance regulatory oversight," a joint release from the two organizations said.

Comments

bloackchain blockchain

[Anonymous Coward]

We need to move now. Our competitors already vertically integrate granular paradigms. At the end of the day, the marketplace has changed. Tee up strategically or dialog. If we circle back, we will unfortunately be lagging in world-class passion. Our enterprise center is focused on new ways to gamify the consumer space through vertical deployments of traction.

this sounds like some journalist got hoaxed

[cas2000]

blockchain and bitcoin hype is ridiculous, but this is just absurd.

"Kangaroo bonds" (they bounce right back, right?) and "bond-i". yeah, right.

And since when does the World Bank tell the Commonwealth Bank of Australia what to do?