Bank of Thailand & IBM issued first Gov. Savings Bond

The central bank of Thailand issued $1.6B of Government Savings Bonds on the IBM Blockchain starting two weeks ago.

Besides being the Worlds First DLT based it has already proven to reduce time to market, something that used to take 2-weeks was reduced to 2-days!

Time to market is essential for all financial offerings and reduced time and effort from the other partners involved including the Thai Bond Market Association, Thailand Securities Depository Co., Bangkok Bank, Krugthai Bank, Kasikorn Bank, Siam Commercial Bank Public Debt Management Office, all while leveraging the IBM Cloud and Blockchain offering.

How successful is this DLT offering? It traded $1.6B of such bonds, in just the first two weeks; so very!

Here is a quote from the team The new platform has become “immutable” and a “real-time single source of truth for network participants.”

Exciting times as the world moves to a more robust faster time to market offering!

Enjoy the Journey!