• 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

Crypto Fear and Greed Index Returns to Fear Territory

chest

The crypto Fear and Greed Index has returned to the fear territory, indicating a bearish market mood despite recent price rallies.

user avatarJacob Williams

Bitcoin Short-Term Holders Realize Profits Amid Price Rally

chest

Short-term holders of Bitcoin are realizing profits as the cryptocurrency experiences a price rally, with profit-taking activity raising questions about the sustainability of the rally.

user avatarAndrew Smith

Stablecoins Gain Dominance in Crypto Payments

chest

Stablecoins are becoming the dominant use case for value transfer in the crypto space, with transaction volumes exceeding $33 trillion by late 2025.

user avatarZainab Kamara

XRP Price Surge and Consolidation

chest

XRP price has shown a strong increase, moving above the 1520 mark and consolidating its gains.

user avatarSon Min-ho

Ripple Custody Set to Launch in Brazil

chest

Ripple Custody is set to launch in Brazil, offering bank-grade security and compliance features for institutions to manage digital assets.

user avatarAyman Ben Youssef

Ripple Expands Operations in Brazil

chest

Ripple announces plans to expand its operations in Brazil, aiming to enhance its digital asset services and apply for a key regulatory license.

user avatarKofi Adjeman

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.