• 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

Bitcoin BRC20 NFTs Show Significant Growth

chest

Assets linked to Bitcoin BRC20 NFTs have witnessed over 300% growth amidst the NFT market downturn.

user avatarDavid Robinson

Market Pressure Intensifies as Whale Activity Shifts

chest

The recent selloff of 150 million DOGE coincides with low trading volumes in Grayscale's DOGE ETF, adding strain to the market.

user avatarAndrew Smith

Institutional Participation in Bitcoin Expected to Rise in 2026

chest

New insights reveal that major US banks may begin buying and managing Bitcoin in 2026.

user avatarZainab Kamara

PEPE Memecoin Price Prediction Towards 1 Cent

chest

A comprehensive analysis reveals the potential trajectory of PEPE memecoin towards the 1 cent milestone by 2030.

user avatarJacob Williams

Weak Demand in Bitcoin Mining Sector Leads to Increased Competition

chest

Reports indicate weak demand across the Bitcoin mining sector, prompting adjustments from competing brands and an increase in secondhand supply.

user avatarAyman Ben Youssef

Market Reacts to Bitmain's Price Cuts with Increased Reselling Activity

chest

The market reacted quickly to Bitmain's price cuts, with resellers lowering prices further and increasing auction activity.

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.