World Bank launches world-first blockchain bond

Surfers ride a wave at Bondi Beach in Sydney, Australia. The World Bank's prototype deal, dubbed the

SYDNEY: The World Bank has priced the world’s first public bond created and managed using only blockchain in a A$100mil (US$73.16mil) deal designed to test how the technology might improve decades-old bond sales practices.

Commonwealth Bank of Australia, the sole manager of the deal, said in a statement that the two-year bonds had priced to yield 2.251% and would settle Aug 28.