• 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

2 years 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

Community Analyst Advocates for Daily Crypto Investments

chest

Daphne, a community analyst, emphasizes that buying coffee and investing in cryptocurrencies like XRP and Bitcoin can coexist, advocating for small daily investments as a strategy for future financial growth.

user avatarArif Mukhtar

Ripple's RLUSD Project Emphasizes Security in DeFi

chest

Ripple's RLUSD project focuses on risk management and security, avoiding risky bridges that have led to exploits in other DeFi systems.

user avatarAndrew Smith

Bitmine Strengthens Ethereum Commitment with New Staking

chest

Bitmine has staked an additional 61,232 ETH, bringing its total staked ETH to 3,395,869, reinforcing its commitment to the Ethereum network.

user avatarDavid Robinson

Ethereum Consolidates Below $2,400 Amid Market Dynamics

chest

Ethereum is currently consolidating just below $2,400 as market participants await a catalyst for the next price movement.

user avatarMaria Gutierrez

Shiba Inu's Open Interest Surges Over 20%, Surpassing Bitcoin and XRP

chest

Shiba Inu has seen a significant increase in Open Interest, surpassing Bitcoin and XRP, indicating a shift in trader sentiment.

user avatarJacob Williams

Trump-Linked Crypto Ventures Raise Concerns

chest

Bollinger raises concerns about Trump-linked crypto ventures affecting major cryptocurrencies like Bitcoin and XRP.

user avatarSon Min-ho

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.