Commonwealth Bank of Australia Instructed by the World Bank to issue Bond on Blockchain

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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

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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