Skip to main content

World Bank issues world’s first blockchain bond

by Futures Centre, Aug 23
1 minute read

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


The Commonwealth Bank of Australia is the sole arranger of the prototype deal, dubbed a “Bondi” bond which stands for Blockchain Operated New Debt Instrument, as well as a reference to the famous Australian beach. It is hoped that this will serve as an initial step in moving bond sales away from manual processes towards faster and cheaper automation.

The World Bank is an international financial institution which issues between US$50-US$60 billion annually in bonds for sustainable development. It has drawn considerable criticism in the development community, particular for its governance structures and loan conditionalities.  


by Futures Centre Spotted 1994 signals

Have you spotted a signal of change?

Register to receive the latest from the Futures Centre.
Sign up

  • 0
  • Share

Related signals

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies page'.