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World Bank mandates the Commonwealth Bank of Australia (CBA), the largest bank in the country, to issue a bond exclusively using blockchain technolgy.
According to reports, CBA will arrange the first bond to be “created and run using blockchain technology” intending to simplify capital raising and trading..
![Commonwealth Bank of Australia instructed by the World Bank to issue bond on Blockchain](https://www.prolitus.com/wp-content/uploads/2018/12/Commonwealth-Bank-of-Australia-mandated-by-the-Wor-3.png)
The Blockchain operated New Debt Instrument (bond-i) will be issued on a blockchain platform under the supervision of CBA in Sydney and the World Bank in Washington.
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Source: cointelegraph.comListen on SoundCloud: Commonwealth Bank of Australia mandated by the World Bank to issue a bond on Blockchain