The post World Bank launches first bond instrument built on a blockchain with the Australian Bank appeared first on BardTech . The World Bank has launched the first bond on a blockchain with the Commonwealth Bank of Australia. The A$110 million ($87 million) bond-i (blockchain operated new debt instrument) — so named, I’m assuming, because of Australia’s famed Bondi Beach (bankers have the funnies!) — is the first bond to be created, allocated, transferred and managed using distributed ledger technology. The investment is one small step for Australian finance and one giant leap for blockchains in the world (or not). Investors in the blockchain bond include CBA, First State Super, NSW Treasury Corporation, Northern Trust, QBE, SAFA and Treasury Corporation of Victoria. It’s a smorgasbord of Australian state financial institutions and makes a ton of sense, because the Australian fintech community is one that’s strong, and blockchain is something that these institutions are definit...