The World Bank has priced the so-called "world's first publicly available Blockbuster Bond" worth $ 73 million and is scheduled to launch this month.

Commonwealth Bank of Australia (CBA), which was chosen by the World Bank as the only bank to make arrangements for the launch in early August.

Designed for a 2.2% return, the two-year bond - dubbed "Bondi" - marks the first time the World Bank has used Blockchain as a technology to support its issuance. Automatic between multiple parties.

The platform used for the release was developed by the CBA's Blockchain internal lab and will use a distribution network in the hope of improving the efficiency of bond transactions between sellers, buyers and banks. .

Use Blockchain to raise money from public investors

The CBA also stated in its report yesterday that the release would be the first in the world to use Blockchain to raise money from public investors, as opposed to similar projects being tested on. private market.

The plan will be implemented as part of the World Bank's $ 50-60 billion annual bond sale plan in an effort to combat poverty and improve sustainable development. markets around the world.