World Bank Leads Secondary Market Phase of Bond-I Blockchain Bond


0

The World Bank and Commonwealth Bank have successfully enabled secondary market trading of a blockchain bond, the institutions confirmed in a press release on May 15.

The bond, known as bond-i, uses the Ethereum (ETH) blockchain and was the first in the world to leverage the technology fully when it debuted in August last year.

Now, a three-way partnership which also included market maker TD Securities delivered what the participants consider a similar first and a further metamorphosis for blockchain bonds.

“Enabling secondary trading recorded on the blockchain is a tremendous step forward towards enabling capital markets to leverage distributed ledger technologies for faster, more efficient, and more secure transactions,” the World Bank’s vice president and treasurer, Jingdong Hua, commented in the press release. He added:

“It speaks to the innovation and commitment of all our partners, including investors, that we were able to achieve this together.”

The achievement comes just weeks after French credit institution Societe Generale launched a €100 million euro ($112 million) bond on Ethereum, while the idea of blockchain bonds continues to extend beyond the banking sector.

As Cointelegraph reported, the governments of three developing economies themselves told the World Bank during one of its hosted events in April that they even wished to issue a bitcoin (BTC) bond.

“Blockchain has the potential to streamline processes for raising capital and trading securities, improve operational efficiencies, and enhance regulatory oversight,” Commonwealth Bank’s head of experimentation & commercialisation, Sophie Gilder, added.

Source : https://cointelegraph.com/


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
cointelegraph

Choose A Format
Story
Formatted Text with Embeds and Visuals
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format