Tokenization
Siemens Issues €300 Million Digital Bond on Blockchain
Thursday. September 5 at 10:00 PM
1 min. readSiemens, a leading German tech company, has recently launched a €300 million digital bond, its second blockchain-based bond issuance. This bond, issued under Germany’s Electronic Securities Act (eWpG), is part of the European Central Bank’s (ECB) trials exploring blockchain’s potential in capital markets. The bond was settled in minutes on the SWIAT private blockchain platform, showcasing a significant improvement in transaction speed and efficiency compared to traditional methods. Siemens’ initiative, supported by major German financial institutions, signals a growing interest in blockchain-based assets among traditional players. The bond issuance process leveraged Bundesbank’s automated Trigger Solution, demonstrating the potential of blockchain technology to streamline financial transactions. Siemens’ move aligns with the ECB’s efforts to integrate blockchain into traditional financial systems, setting a precedent for future digital securities and reflecting the industry’s trend towards bond tokenization driven by blockchain technology.