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World Bank to issue the first ‘blockchain bond’

The World Bank is arranging the financial industry’s first ‘blockchain bond,’ which will become available later this month and is slated to raise about $70 million. The bank is using it for its potential to streamline processes that are otherwise split between many different actors. The bank announced that the change could “help simplify raising capital and trading securities; improve operational efficiencies; and enhance regulatory oversight.” 

Source: World Bank to issue the first ‘blockchain bond’ | Asia Times

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