Ripple CEO: US Regulators Need To “Step Up And Lean Into Digital Currencies” Bitfury’s Bitcoin Mining Programme Allows New Institutional Investment Swiss Government Supports Blockchain Startups Offering Over $10 Million USD The Top 5 Cryptocurrencies to Mine [2020] Coldplay Bassist Launches Into Cryptocurrency, Backing New App The Coinbase Pump: OmiseGo (OMG) Sees A Massive Surge JPMorgan: Digital Currency Threat To Dollar Domination Coinbase Adopts A Remote-First Approach After Lockdown Lifts Bank Of France Successfully Launches Blockchain-Based Project Supernodes Across Europe Attacked By Cryptojackers To Illicitly Mine Monero Andreessen Horowitz On Crypto Entrepreneurs: “Excited To See What They Build”

7h
coininsider

Bitcoin Presents Good Opportunities To Short

7h
cryptodaily

Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression

7h
bitcoinist

Never Let Another Arbitrage Opportunity Pass Again with 24/7 Bitbengrab Trading » The Merkle News

8h
cryptonewmedia

Crypto-Powered Brave Browser Launches Privacy-Centered Zoom Competitor

8h
cryptoglobe

Goldman Sachs Still Has No Love for Bitcoin, but Market Does Not Seem to Care

8h
cryptoglobe

BitGreen Initiative is Folding@Home to Fight COVID-19.

8h
cryptodaily

CryptoKitties Creator Debuts NBA Game on Its Own Blockchain

8h
cryptonewmedia

Is Bitcoin Leveraged Trading Only For Veterans and Where Should Beginners Turn to?

8h
nulltx

A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging

8h
bitcoinist

Justin Sun: “Craig Wright is a fraud.”

8h
cryptodaily

Breaking: Goldman Sachs Includes Bitcoin Alongside Gold In Client Call

8h
coingape

Governor of France’s Central Bank ‘Pleased’ with Negative Interest Rates

9h
beincrypto

How a Trader Lost $1,200 in 100 Seconds » The Merkle News

9h
cryptonewmedia

The unpredictable nature of BTC following its halving. Could it hit $1m in the next 10 years?

9h
cryptodaily

Crypto.Com Exchange Extends Its Card To Over 30 Countries In Europe

9h
coingape

Three New Crypto Exchanges That Rival the Big Guns

9h
cryptonewmedia

RBI brings clarity to bitcoin situation in India

9h
cryptodaily

No, Goldman Sachs Doesn’t Think Bitcoin is the Next Big Thing

9h
newsbtc

Internal Struggle at the Biggest Bitcoin Mining Equipment Manufacturer Persists

10h
newsbtc

AMZN Stock Down 0.16% Now, Amazon in Talks to Buy Zoox

10h
cryptonewmedia

Bitcoin Whales Prop Up Crypto Markets As Bulls Regain $9,000

10h
zycrypto

Goldman Sachs Says Bitcoin ‘Not Suitable Investment’ in Hyped Client Call

10h
beincrypto

Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open

10h
newsbtc

Coinbase Outbids Binance to Acquire Crypto Prime Broker Tagomi in All-Stock Deal

10h
cryptoglobe


World Bank, CommBank Team Up for ‘World First’ Blockchain Bond Transaction

coindesk

1yr ago

The World Bank and the Commonwealth Bank of Australia (CommBank) have teamed up to enable recording of secondary market bond trading using blockchain tech.

The institutions announced Wednesday that their successful recording of a secondary transaction for bond-i, a blockchain-operated debt instrument, on a distributed ledger shows the “vast potential” of the technology, and marks the first bond to have both issuance and trading recorded on a blockchain platform.

Bond-i was first issued last August by the World Bank, with the CommBank being a sole arranger. The experiment helped the World Bank raise $81 million at the time.

World Bank vice president and treasurer, Jingdong Hua, said:

“Enabling secondary trading recorded on the blockchain is a tremendous step forward towards enabling capital markets to leverage distributed ledger technologies for faster, more efficient, and more secure transactions.”

The blockchain platform was built and developed by the CommBank’s Blockchain Centre of Excellence on top of the ethereum network, and was reviewed by Microsoft regarding its architecture, security and resilience.

CommBank Innovation Labs’ head of experimentation & commercialization, Sophie Gilder, commented:

“Blockchain has the potential to streamline processes for raising capital and trading securities, improve operational efficiencies, and enhance regulatory oversight.”

CommBank first revealed a plan to issue a bond over a blockchain system as far back as 2017, saying it was working with an unnamed “major world issuer.”

Other financial institutions across the globe have been recently testing blockchain-based systems for bond issuance, including Santander, Societe Generale and Abu Dhabi-headquartered Al Hilal Bank.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments