The successful raise expands market participation of the blockchain bond offered via the Bond-i platform which is managed in Australia by Commonwealth Bank.

Bond-i platform has three joint lead managers, CBA, RBC Capital Markets and TD Securities and increases liquidity of bonds and broadens market participation.

CBA started the Bond-i journey in 2018 when the World Bank mandated CBA to be the arranger for the bond, raising $110 million for the two-year bond.

Earlier this year, CBA and the World Bank added additional capability to the platform by enabling secondary bond trading recorded on blackchain.

This made it the first bond whose issuance and trading are recorded using distributed ledger technologies.

The subsequent issuance builds on the success of the platform, taking a total capital to $160 million and enables capital market to leverage distributed ledger technologies faster, more efficiently and securely.