JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Blockchain Bond Issuance
Author(s): Elisabeta Pana, Vikas Gangal
Citation: Elisabeta Pana, Vikas Gangal, (2021) "Blockchain Bond Issuance," Journal of Applied Business and Economics, Vol. 23, Iss.1, pp. 217-226
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Blockchain bonds are digital securities designed to address inefficiencies in the bond market. With global interest and recognition, digital securities represent a revolutionary phase in entrepreneurial and corporate finance. Blockchain applications in security issuance mark the beginning of a broad shift in public capital markets by significantly increasing efficiency and establishing relationships of trust between issuers and investors. In this paper we document the evolution of blockchain bond applications leading to recent bonds projected to have their full lifecycle on blockchain. We discuss the remaining challenges and risks associated with blockchain technology adoption.