Australian bank bonds only via Blockchain
The World Bank and the Commonwealth Bank of Australia (CBA), the largest bank in the country, have issued a public loan exclusively via Blockchain technology. The agreement is $ 100 million, according to a report by Paulina Duran and Alun John on Reuters.
The prototype – dubbed “Bondi” (Blockchain Operated New Debt Instrument) – is considered by investors as a milestone in the construction of a new finance. Word Bank bonds are classified with an AAA rating: the highest possible rating that indicates a high level of creditworthiness.