CBA to Issue First Blockchain Bond for World Bank
Investors can participate in the Kangaroo bond, dubbed ‘bond-i’ via the World Bank’s and CBA’s respective nodes.
The Kangaroo bond goes by the name of ‘bond-i,’ which stands for ‘blockchain-offered new debt instrument.’
Firms including Northern Trust, QBE Insurance and the Treasury Corporation of Victoria supported the bond’s development, while CBA Innovation Lab’s Blockchain Centre of Excellence designed and developed the blockchain platform. CBA and the World Bank are using a private Ethereum blockchain for the project.
James Wall, executive general manager of institutional banking and international
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