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ARTICLE · 24 AUGUST 2018

Capital Markets Firsts For Blockchain Include Bonds, Security Tokens, Exchange Traded Notes

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According to an Aug. 10, 2018, press release, the World Bank and an Australian multinational bank are partnering to issue what is reported to be the first bond globally created, allocated, transferred

United StatesTechnology
Jaime B. Petenko
Jaime B. Petenko
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According to an Aug. 10, 2018, press release, the World Bank and an Australian multinational bank are partnering to issue what is reported to be the first bond globally created, allocated, transferred and managed over blockchain. The "Blockchain Offered New Debt Instrument," or "bond-i," will be issued over a private blockchain built on top of the Ethereum network that has been reviewed by a major global technology company for its architecture, security and resilience. The blockchain platform will be co-hosted by the World Bank in Washington, D.C., and the Australian multinational bank in Sydney, Australia.

In another first, a token trading platform operating as an SEC- and FINRA-registered broker-dealer and alternative trading system recently launched a Reg D 506(c) offering of security tokens issued by a popular Colorado resort. Accredited investors can purchase "Aspen coins," which represent, indirectly, one share of common stock in the Colorado resort, including

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