Palau, German lender WIBank launch blockchain bonds [Video]

Blockchain bonds are becoming increasingly popular as more financial industry players seek to enhance efficiency and transparency in the $130 trillion industry. The latest is the island nation of Palau, which has issued a blockchain bond to tap into local capital for infrastructure projects.

In Germany, regional lender WIBank tested the waters with a €5 million ($5.4 million) blockchain bond as part of the region’s distributed ledger technology (DLT) trials.

Palau taps blockchain savings bonds  

Palau is exploring blockchain savings bonds to raise capital for its infrastructure projects. It has partnered with Soramitsu, a Tokyo, Japan-based blockchain services company, on the initiative. Japan’s Ministry of Economy, Trade and Industry (METI) also participated.

Palau is an island nation in the western Pacific Ocean. It is made up of 500 tiny islands, and its population is around 20,000. Tourism is its main industry. Palau’s economy is closely intertwined with the United States, with the Bank of Hawaii …