• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Siemens Issues €300 Million Digital Bond

user avatar

by Giorgi Kostiuk

a year ago

  1. New Digital Bond
  2. Automation and Blockchain Support
  3. Siemens' Technology Strategies


    4. German technology giant Siemens has issued its second digital bond valued at €300 million on blockchain, continuing to expand its expertise in distributed ledger technologies.

    New Digital Bond

    On September 4, the Munich-headquartered multinational announced the issuance of the new bond, following its debut of a €60 million digital bond in 2023. This bond has a one-year maturity and was settled through the private permissioned blockchain of SWIAT using the Bundesbank's Trigger Solution.

    Automation and Blockchain Support

    The transaction was executed in a fully automated manner, within minutes, using central bank money. DekaBank served as the bond registrar, with BayernLB, DZ BANK, Helaba, and LBBW acting as investors. Deutsche Bank facilitated the central bank money settlement.

    By issuing another digital bond, we are demonstrating once again our spirit of innovation and underscoring our aim to continuously drive digital solutions for the financial markets.Ralf P. Thomas, Chief Financial Officer of Siemens

    Siemens' Technology Strategies

    Siemens' blockchain efforts are part of a broader strategy involving new technologies. Earlier in 2024, the company partnered with Sony to explore the metaverse, focusing on industrial applications. The collaboration aims to launch a new mixed-reality headset designed for professional designers and engineers, enhancing productivity with artificial intelligence.

    The issuance of digital bonds and partnerships with technology companies demonstrates Siemens' commitment to innovation and the development of digital financial solutions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

UK AI Investigation Could Shape Global Digital Regulations

chest

The ongoing investigation into Elon Musk's X platform under the UK's Online Safety Act may have significant global implications for AI and digital tool regulations.

user avatarTenzin Dorje

Elon Musk Defends X Platform Against Censorship Claims Amid Investigation

chest

Elon Musk criticizes the UK government's investigation into his platform, X, claiming it reflects a bias towards censorship amid potential legislative measures.

user avatarAisha Farooq

Expert Analysis Highlights Importance of Regular Blockchain Maintenance

chest

Expert analysis emphasizes the importance of regular blockchain maintenance for project maturity and stability.

user avatarElias Mukuru

MEVerse Development Team Implements Protocol Adjustments During Maintenance

chest

The MEVerse development team will implement necessary protocol adjustments and validation rule updates during the maintenance period.

user avatarMohamed Farouk

MEVerse Foundation Schedules 5-Hour Maintenance to Fix Mainnet Network Error

chest

The MEVerse Foundation announced a scheduled five-hour maintenance to address a significant mainnet network error, ensuring blockchain reliability.

user avatarBayarjavkhlan Ganbaatar

BitGo Expands OTC Platform to Include Derivatives Trading

chest

BitGo has announced the addition of derivatives trading to its institutional OTC platform, enhancing its asset management solutions.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.