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World Bank Group to Issue World's First Blockchain Bond


The World Bank Group will work with the Commonwealth Bank of Australia (CBA) to issue the world's first blockchain bond. According to this article, the innovative financial instrument will be used to finance the activities of the Reconstruction and Development arm of the World Bank Group. This department issues loans to the governments of middle-income countries and credit-worthy low-income countries. The bond will be issued on Ethereum.

Read the press release here