Top Development Bank Launches $300 Million Blockchain Bond in a Financial First
The Asian Infrastructure Investment Bank (AIIB) has marked a significant milestone by issuing its first blockchain-based bond, raising $300 million.
This AAA-rated bond, featuring a 4% interest rate and maturing in January 2027, is the first of its kind in US dollars to be processed on Euroclear’s blockchain platform, previously used by the World Bank.
Citigroup and BMO Capital Markets played crucial roles, with Citi overseeing the bond’s distribution and settlement, and BMO Capital Markets assisting as a co-dealer.
AIIB Treasurer Domenico Nardelli noted that the bank will review market interest before deciding on future digital bond sales.
READ MORE:
Vitalik Buterin Defends Ethereum Amidst Criticisms, Highlights Key AdvancementsThis issuance reflects a growing trend among major institutions adopting blockchain technology to streamline bond transactions and enhance market efficiency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Here’s Why an Explosive Breakout Could be Coming for Dogecoin Investors
CME Addresses Rumors of XRP and Solana Futures After Website Error
Woman from Hyderabad Loses INR 7.7 Million in Crypto Scam
Tornado Cash developer calls his lawsuit a ‘terrifying criminalization of privacy’
Roman Storm released a statement assessing the impact of the Tornado Cash case following a favorable legal ruling.
Trending news
MoreCrypto prices
More
