• 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

SEC Dismisses 60 Crypto Enforcement Cases, Opening Doors for Low-Cap Altcoins

chest

The US Securities and Exchange Commission (SEC) has dismissed approximately 60 cryptocurrency enforcement cases since January, including high-profile lawsuits against Ripple Labs and Binance. This regulatory shift is seen as a move to reflect legal and policy reasons rather than political favoritism. Analysts believe this change could open the floodgates for breakout altcoins, particularly those priced under $1.

user avatarAndrew Smith

Security Concerns Around Legacy Contracts Renewed

chest

Concerns have been raised about the security of legacy and immutable contracts in DeFi due to repeated incidents affecting Yearn Finance.

user avatarAyman Ben Youssef

Attack Method Mirrors Previous Incident in December

chest

The recent exploit utilized a similar method to an earlier attack in December, involving price manipulation.

user avatarJacob Williams

Earlier December Hack Drained 9 Million from Yearn Finance

chest

Yearn Finance suffered a major attack earlier this month, resulting in significant financial losses. A vulnerability in the yETH index pool was exploited, draining 9 million.

user avatarSon Min-ho

Yearn Team Confirms Limited Impact from Recent Exploit

chest

The Yearn team has confirmed that the recent exploit does not affect current vaults or contracts.

user avatarZainab Kamara

Future Phases of Mission450K Competition to Drive Engagement

chest

Future phases of the Mission450K competition will focus on engaging participants through prizes, challenges, and leaderboard updates.

user avatarRajesh Kumar

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.