Bond-i

  • The World Bank launched world’s first public blockchain bond named bond-i created, allocated, transferred and managed by using blockchain technology.
  • Bond-i is an acronym standing for Blockchain Offered New Debt Instrument and also refers to tourist famous Bondi Beach in Sydney, Australia.
  • Bond-I is Ethereum blockchain bond denominated in Australian dollars, making it Kangaroo bond (referring to foreign bonds issued in Australia in local currency).
  • Funds raised through it will go towards endeavours tied to World Bank’s Reconstruction and Development division for sustainable development initiatives.

ias4sure.com - Bond-i