World Bank’s Blockchain Bond Experiment Raises $81 Million
The World Bank's blockchain bond raised $110 million AUD, and is based on a private ethereum network.
The World Bank raised another $33.8 million by issuing bonds on a blockchain, bringing the total to $108 million.
The World Bank says its new debt instrument "bond-i" is the first bond to have both issuance and trading recorded on a blockchain.
The World Bank is teaming up with MakerDAO to bring blockchain education to Brazilian favelas.
The International Monetary Fund and the World Bank have launched an internal crypto token to fill a "knowledge gap" around blockchain tech.
Is it time to rethink private blockchains? The World Bank's "blockchain bond" success has reinvigorated that question.