The World Bank is launching the world’s first Blockchain bond

The World Bank has committed the project to the Commonwealth Bank of Australia. The Blockchain bond will work for foreign securities issued in Australia in the local currency and it is called bond-i, which stands for Blockchain Offering New Debt Instrument.
The World Bank said there are many investors interested in this system that can cut the processes between intermediaries and agents in the debt capital market.
Thanks to this tool, the raising of capital and securities trading will be simplified, so there will be more efficiency in operations and regulatory oversight.