World Bank: Blockchain Could Reduce Settlement Time to Seconds

A year after issuing the first blockchain-traded bond, the lender says blockchain technology could drastically cut settlement times and costs.

Globe closeup

Blockchain technology could cut trade settlement time from days to seconds, a World Bank officer says.

“I think practical transactions allow you to see that the potential benefits [of blockchain], such as the reduction in settlement time,” says Paul Snaith, the multilateral lender’s head of operations for capital markets, speaking to WatersTechnology ahead of the one-year anniversary of the bank’s issuance of the first blockchain bond, Bond-i. 

“You could have near simultaneous settlements if

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: