2018-8-10 13:30 |
Even the goddamn World Bank isn’t immune to blockchain hype: it has mandated that the first ever bond be issued via blockchain. The Commonwealth Bank of Australia (CBA) will be issuing what’s being called “the Kangaroo bond.
” Bonds are used by businesses to raise capital – when investors buy them, they are essentially loaning money directly to the issuer. The debt is repaid over time, typically with a bunch of extra dividends. To set it apart from the traditional concept, the banks are calling their spin on it ‘bond-i’ – an acronym that stands for “blockchain operated new debt instrument. ”…
This story continues at The Next Web
.
Similar to Notcoin - Blum - Airdrops In 2024