The world witnessed the first blockchain based bond being released recently Which of the following s...........

Economic Affairs Digital Economy

The world witnessed the first blockchain based bond being released recently. Which of the following statements about these bonds is/are correct?

These bonds are named as BONDI or BOND-I, acronym for Blockchain Offered New Debt Instruments.
The name BONDI refers also to tourist famous Bondi Beach in Sydney.
Bondi is a Kangaroo bond as it is ethereum blockchain bond denominated in Australian Dollars.
The bonds have been released by the Commonwealth Bank of Australia.

Choose the correct alternative:

1, 2, 3 and 4

1, 2 and 3

1 and 2

1 Only

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Explanation:

Second option is correct.

The World Bank launched world’s first public blockchain bond named bond-i created, allocated, transferred and managed by using blockchain technology. Bond-i is an acronym standing for Blockchain Offered New Debt Instrument and also refers to tourist famous Bondi Beach in Sydney, Australia. Funds raised from this bond will go towards sustainable development initiatives.

Bond-I is Ethereum blockchain bond denominated in Australian dollars, making it Kangaroo bond (referring to foreign bonds issued in Australia in local currency). World Bank had chosen Commonwealth Bank of Australia (largest bank in Australia) was chosen as sole arranger for this bond.