Tag: bonds

The world of Islamic finance has traditionally been a relatively small one, hampered by its geographic spread and its fundamental incongruity with conventional finance, which is based on credit. An October 24, 2018, a Reuters report, however, paints a picture of a world of possibility opened up by blockchain technology where Sukuk bonds linked to socially conscious applications could hold…

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The Austrian government announced on September 27, 2018, the auction of €1.15 billion ($1.35 billion) worth of government bonds on the Ethereum blockchain. The sale begins on October 2 with operations overseen by Oesterreichische Kontrollbank (OeKB), one of Austria’s biggest banks. First Time Western Government Uses Public Blockchain for Bonds A blockchain notarization service that OeKB’s IT department internally developed…

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Australia’s largest bank, Commonwealth Bank of Australia has been mandated by the World Bank to issue bonds created exclusively on blockchain platform, right from their creation, allocation and transfer to other potential bondholders. The announcement was made in a press release published on August 10, 2018, on the official World Bank website. The new global bond officially called The Blockchain…

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Like many American cities, Lewisville, Texas, is struggling with an understaffed police force. With a population of over 100,000, the city had just one sworn police officer per 637 residents. The lack of adequate funds is often cited as one major impediment hindering the city administration’s ability to tackle the issue effectively. Big Political Idea However, four-time mayoral candidate Winston…

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Antshares sets the pace in a new playing field amongst Blockchain applications and is set to release their smart contracts 2.0 in June, an important development contributing to diversity within the blockchain community and of smart contracts, with Hyperledger not open to the public and Rootstock yet to release anything. When projects such as Bitcoin and Ethereum emerge, their success…

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Using blockchain technology to trade, settle and clear financial securities is one of the most talked about applications for the distributed ledger technology in the financial services industry. Currently, several international securities exchanges are trialing the technology to improve the efficiency of their processes and to reduce operational costs. However, as of now, very few financial securities are trading on…

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Queensland Treasury Corporation (QTC), the Queensland’s central financing authority, will be using a prototype of The Commonwealth Bank of Australia’s (CBA) capital markets blockchain platform. The trial execution of a virtual “cryptobond,” the first such blockchain bond issued by a government entity, is not QTC’s first interaction with the CBA. The QTC has already used this platform to do a…

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BNP Paribas is one of the many global financial institutions exploring blockchain technology. Through its Securities Services arm, the group will expand their blockchain platform for private stocks. In doing so, the group seeks to help unlisted companies by letting them issue ‘minibonds’ through crowdfunding platforms.   Issuing Microbonds On The Blockchain Minibonds will act as a medium for startups…

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