World Bank Raises Additional AUD $50M Via Blockchain Bond

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Blockchain proves once again that it is a must-have technology for financial institutions at all levels. Last week, the World Bank raised an additional AUD 50 million ($33.8 million) through its blockchain-based Kangaroo bond, called bond-i. Bond-i Sale Co-Managed by CBA, RBC, and TD The bond tap, i.e. the reopening of the bond initially issued in August 2018, was fully handled on the distributed ledger technology (DLT). Thus, the World Bank’s debt instrument became the first bond issued, allocated, sold, and managed on blockchain. The bond was sold via the Bond-i platform, a blockchain-based bond issuance infrastructure jointly developed by the World Bank and the Commonwealth Bank of Australia (CBA). The latter was also a lead manager of the bond tap, along with RBC Capital Markets (RBC) and TD Securities (TD). The tap had new and existing investors. Last year, the World Bank commissioned CBA to handle the blockchain-based bond…

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