World bank mandates CBA to arrange the world’s first blockchain bond [bond-i]

Earlier today, a report from Reuters stated that Commonwealth Bank of Australia [CBA], Australia’s largest bank has been given a go-ahead from the World Bank to put in order a cutting-edge bond.

The bond which refers to foreign bonds issued in Australian local currency will be created and run using blockchain technology. It primarily aims at simplifying the raising and trading of capital assets, the report stated.

According to the report, Denis Robitaille [World Bank…

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