AIIB issues its first-ever digital bond for funding projects

29 Aug 2024 CW Team

The Asian Infrastructure Investment Bank (AIIB) has successfully issued its first digital bond, marking a significant milestone in its efforts to modernise infrastructure funding. The bond, valued at $100 million, was issued on a blockchain-based platform, aiming to enhance transparency, efficiency, and security in the bond issuance process.

This digital bond is a crucial step in AIIB's broader mission to incorporate new technologies into its financial operations. By utilising blockchain technology, the bank intends to streamline the process of bond issuance and reduce associated costs, offering a more secure and transparent method of raising capital for infrastructure projects.

Proceeds from this digital bond will be used to fund various sustainable and infrastructure-related projects across Asia. The bond issuance is aligned with AIIB?s objective of promoting development through innovative financial solutions while ensuring the highest standards of accountability and governance.

The introduction of the digital bond represents AIIB?s commitment to adopting cutting-edge technology in its financing processes. It is expected to pave the way for more efficient fundraising initiatives, benefiting member countries seeking to build or enhance their infrastructure.

As AIIB continues to explore the possibilities of blockchain and other emerging technologies, this digital bond issuance serves as a benchmark for future endeavours in the global financial ecosystem, promoting more sustainable and technology-driven financial practices.

Infrastructure Transport

09 Jan 2026

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..