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World Bank Blockchain Based Bond Successful; Raises More than $80 Million

While cryptocurrencies have entered hard into the lives of common people, and have also gotten a great buzz from the application of its fueling tech (blockchain) as a decentralized solution for a myriad of projects not related to cryptocurrencies, it has still failed to catch a mainstream wind. And with banks, minus certain exploratory projects like the one IBM pioneered earlier this year, it has been less successful. But it seems that now times are changing and even large important banks like the World Bank and their customers have accepted that blockchain could be the future of tech because the emission of the first blockchain based bank bond was a total success, and has raised more than $100 million dollars.
The bond was launched by the World Bank in conjunction with the Commonwealth Bank of Australia, being this last institution the one in charge of all the technical aspects of the bond. While the outcome of this essay of digital offerings was unknown at the time of the issuance, the interest for this instrument was overwhelming, according to a spokesperson from the CBA.
This could mean that investors are really interested in this kind of investment tools that are decentralized and managed through blockchain technologies. While banks and cryptocurrencies do not mix very well, this time they achieved the perfect mix of functionality that led investors to put money in these new instruments.
The success of the bond, that was called bond-i, which stands for blockchain operated new debt instrument can mean that there will be new emissions of this kind in the near future. While the tech that is being this bond is property if the Commonwealth Bank of Austria and it was developed in-house by a group of blockchain programmers and scientists, it is probable that this asset could be moved onto new blockchains in the future for easier and quicker management.

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