Investors lap up WB blockchain bonds

The World Bank raised Aus$110 million ($80.9 million) in the first-ever blockchain bond offering following investor demand that exceeded expectations, the global lender has announced. The Washington-based bank, which has embraced blockchain as a valuable tool in its economic deve

Editorial Team Legacy

Published 25 August 2018, 8:00 · Updated 21:28

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The World Bank raised Aus$110 million ($80.9 million) in the first-ever blockchain bond offering following investor demand that exceeded expectations, the global lender has announced.

The Washington-based bank, which has embraced blockchain as a valuable tool in its economic development mission, had initially expected to garner Aus$50 million ($36.8 million) for the two-year bond, with a possible doubling of that size depending on investor interest.

Investors lap up WB blockchain bonds

Editorial Team Legacy

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