World Bank Issues $50 Million in Kangaroo Bonds Using Blockchain

The World Bank said on Aug. 16th that it issued $50 million in bonds for kangaroo bonds maturing in August 2020 using blockchain.

The World Bank argues that this is the world's first bond to be created, distributed, transferred and managed through a lifecycle using DLT.

According to the report, Bank of Australia (CBA), RBC Capital Markets and TD Securities (TD) are participating in the World Bank's Bond-i blockchain platform.

The CBA was designated as an agent for bond issuance from the World Bank in August last year, completing financing of $110 million. Also in May, CBA and the World Bank, together with TD, enabled secondary bond transactions that serve as market makers.

According to the report, DLT technology was used to create the first bonds in which issuance and transactions were recorded. James Wall of the International CBA commented on the development of DLT (Distributed Directorate Technology) as followed:

Tabs are an important milestone in proving the overall lifecycle management of the issuer's capital market needs. It also said it is an important step in the platform that brings in additional participants and shows Bond-i's broader potential as a capital market platform.

Meanwhile, in April, the International Monetary Fund and the World Bank jointly launched a private blockchain and so-called quasi-encrypting currency.

Reporter Gina Lee (news@dailycoinews.com)의 기사 더 보기

- Daily Coin News prioritizes the voice from the scene over others(news@dailycoinews.com) -

- 기사에 사용된 모든 자료에 대한 책임은 작성자 본인에게 있습니다 -

Bitcoin price when registering article
BTC-USD : $ 10,823.00 USD (API by Bitfinex)