Kazakhstan Central Bank To Sell Blockchain-Based Bonds
Blockchain has great advantages for storing digital assets – quick transfer of title, robustness, counterfeit-proof and low transaction costs. The latest to recognize these advantages is the central bank of Kazakhstan.
Kazakhstan debt on mobile app
Kazakhstan’s central bank has announced plans to launch a Blockchain-based system in the second half of 2017, through which it will sell short-term bonds to retail investors. Investors will be able to access the system using a mobile application and will be able to buy bonds directly, with no commission. The quick settlement, low transaction costs and ease of buying are expected to make these bonds attractive for retail customers.
Read more here: https://cointelegraph.com/news/kazakhstan-central-bank-to-sell-blockchain-based-bonds
I am curious which role primary dealers (=banks) still have in this construction. I assume these intermediairies are still needed to find buyers and create a market.