CURRENT AFFAIRS QUIZ - 2019
World Bank and __________ joined hands for World's first Blockchain Bond Transaction.
A)
ING
B)
National Australia Bank
C)
Australian Securities Exchange
D)
Commonwealth Bank of Australia

Correct Answer : Option (D) - Commonwealth Bank of Australia

Note : International Bank for Reconstruction and Development (IBRD, World Bank) in partnership with Commonwealth Bank of Australia (CBA) enabled recording of secondary market bond trading using blockchain technology. With this, Bond-i become the first bond whose issuance and trading is recorded on a blockchain platform. This also marked the next phase of the bond-i (blockchain operated new debt instrument) project. Bond-i, first issued in August 2018 by World Bank, is the world's first bond entirely based on blockchain, a type of Distributed Ledger Technology (DLT). CBA was the sole arranger of the bond. That experiment phase of 2018 helped the World Bank to raise $81 million at the time.