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Bond-i
August 25 , 2018
2312 days
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- The World Bank launched the world’s first public blockchain bond named bond-i created, allocated, transferred and managed by using blockchain technology.
- Bond-iis an acronym standing for Blockchain Offered New Debt Instrument and also refers to tourist famous Bondi Beach in Sydney, Australia.
- Funds raised from this bond will go towards sustainable development initiatives.
- Bond-I is Ethereum blockchain bond denominated in Australian dollars, making it Kangaroo bond (referring to foreign bonds issued in Australia in the local currency).
- World Bank had chosen Commonwealth Bank of Australia (the largest bank in Australia) was chosen as sole arranger for this bond.
- The bond has a two-year maturity and had raised Australian $100 million (US$73.16 million) after its issuance.
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