German technology giant Siemens has issued its second set of blockchain-based digital bonds valued at €300 million. This move underscores the company's commitment to maintaining leadership in digital financial market solutions.
Commitment to Technology
Siemens continues to build on the success of its first digital bond issued last year. Chief Financial Officer Ralf P. Thomas emphasized: “Following the successful issuance of our first digital bond, we have remained focused on advancing blockchain technology. By issuing this second digital bond, we reaffirm our commitment to innovation and our goal to drive digital solutions in financial markets.”
Issuance Process
According to Siemens Corporate Treasurer Peter Rathgeb, the automated processing of the bond within minutes showcases the significant potential of blockchain technology and validates the company's strategy of leading digital transformation. The bonds were issued in compliance with Germany’s securities laws and are part of trials by the Eurosystem and Bundesbank to test blockchain technologies for the digital financial market.
Broader Initiatives
Siemens’ blockchain initiatives are part of a broader strategy embracing new technologies. Earlier in 2024, the company partnered with Sony to explore the metaverse, focusing on industrial applications. This collaboration aims to introduce a new mixed-reality headset for professional designers and engineers, enhancing productivity with artificial intelligence, according to Siemens CEO Roland Busch.
Siemens continues to solidify its position by using blockchain technology for issuing digital bonds and other innovations aimed at digitizing financial markets and industries.
Comments