The Daily Dose

The world’s first public bond entirely managed via blockchain has been priced and is awaiting settlement. It’s part of a $73 million test of distributed ledger tech (DLT), mandated by the World Bank. The new blockchain-powered financial instrument was only announced a fortnight ago, when it was nicknamed the “bond-i” bond. Investors were able to purchase it directly from the Commonwealth Bank of Australia (CBA), with a promised return of 2.251 percent over a two year period. “CBA was mandated by the World Bank as arranger for the bond on August 10 and following a two-week consultation period with the market, the two-year…

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