Arturs Ivanovs, founder of bond blockchain platform FIC Network, told Cheddar the World Bank's new bond issuance, built on Ethereum, is a sign that blockchain technology has become receptive to government institutions.
For full interview, [click here](https://cheddar.com/videos/the-bond-market-bets-on-blockchain).
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
