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Laxman Pai, Opalesque Asia:

The world's first public bond - bond-i (blockchain operated new debt instrument) - created and managed using only blockchain exceeds market expectations, said Commonwealth Bank of Australia (CBA).

The biggest bank in Australia said that it has received support from seven investors for the bond-i that helped raising A$110m ($80.48m) for the World Bank.

Commonwealth Bank executive general manager James Wall said that the deal, designed to test how the technology might improve decades-old bond sales practices, had exceeded expectations and interest had been "overwhelming".

Investors in the bond include CBA, First State Super, NSW Treasury Corporation, Northern Trust, QBE, SAFA, and Treasury Corporation of Victoria. CBA and the World Bank will continue to welcome investor interest in the bond throughout its life cycle, and enquiries from other market participants in relation to the platform.

James Wall added: "It is clear the market is ready and open to the uptake of emerging technologies and sees the potential evolution of the capital markets. It has been a pleasure to work on such a ground-breaking transaction with a forward-thinking organisation like the World Bank."

This launch also marks the first time that investors have supported the World Bank's development activities in a transaction that is fully managed using the blockchain technology.

The 'bond-i' bond forms part of a broader strategic focus of the......................

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