Dollar bonds are no longer a new thing. But the real question is—are countries using blockchain technology to facilitate exchanges between complex assets like real estate, commodities, and dollar bonds?

This involves a core pain point: traditional cross-border trade settlement is inefficient, with lengthy intermediate steps. If blockchain can participate, breaking down information barriers and enabling more transparent and faster asset exchanges, the liquidity and credibility of dollar bonds would be greatly enhanced. In other words, blockchain is not just a technological tool but could become a key variable in reshaping international financial settlement.