• 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

FLockio Partners with Deluthium and Aerodrome to Launch CARiFIN

chest

FLockio, Deluthium, and Aerodrome have partnered to develop the CARiFIN platform, enhancing microinsurance solutions in Latin America and the Caribbean, promoting financial inclusion for underserved communities.

user avatarZainab Kamara

Senate Republicans Submit Proposal with Amendments to Crypto Bill

chest

Senate Banking Republicans submitted a proposal with over 30 amendments to the crypto market structure bill, aiming for bipartisan support.

user avatarSon Min-ho

SEC Chairman Paul S Atkins Announces New Limits to Crypto Oversight

chest

SEC Chairman Paul S Atkins announces a new framework that narrows the agency's jurisdiction over crypto tokens and ICOs, potentially reducing legal uncertainties and allowing more tokens to operate without direct SEC oversight.

user avatarTando Nkube

Tether's USDT Receives Regulatory Clearance in Abu Dhabi.

chest

Tether's USDT has been recognized as an Accepted Fiat-Referenced Token (ARFT) in Abu Dhabi, expanding its approval to multiple blockchains.

user avatarAyman Ben Youssef

Unconfirmed Reports on TRON Integration with Revolut

chest

Revolut has not confirmed any integration with TRON for staking and stablecoin functionalities across Europe, despite media claims.

user avatarKofi Adjeman

Cashew Research Revolutionizes Market Research with AI

chest

Calgary-based startup Cashew Research is transforming the $90 billion market research industry by leveraging AI to provide fast, affordable, and custom insights.

user avatarNguyen Van Long

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.