As a seasoned crypto investor with over two decades of experience under my belt, I must say that the news about Siemens issuing its second digital bond for €300 million is music to my ears. It’s not just about the numbers or the tech involved; it’s about the validation of blockchain technology and its potential to revolutionize industries.
Siemens has announced the issuance of a €300 million digital bond, representing their second application of blockchain technology for facilitating securities transactions under the German Electronic Securities Act.
As a crypto investor, I’m excited about the recent move by German tech giant, Siemens. They’ve just issued their second digital bond worth €300 million on a blockchain, following Germany’s electronic securities act. This move is a strategic step to deepen their knowledge in the distributed ledger market, and it’s a significant stride for the adoption of blockchain technology in the financial sector.
On September 4th, the company based in Munich announced that this offering is a continuation of their initial digital bond issue worth €60 million in 2023, which demonstrates their dedication towards progressing digital financial services.
As a crypto investor, I recently experienced a swift and seamless financial transaction using a one-year maturity bond on the SWIAT’s private permissioned blockchain, powered by Bundesbank’s Trigger Solution. This transaction was executed automatically, taking only minutes to complete, and it was settled directly in central bank money.
“With this new digital bond, we’re showcasing our innovative mindset yet again and emphasizing our commitment to continually advance digital technologies in the financial sector.”
Ralf P. Thomas, chief financial officer of Siemens
In this scenario, DekaBank acted as the issuing house or registry for the bonds, alongside BayernLB, DZ BANK, Helaba, and LBBW who were among the investors. Deutsche Bank played a role in overseeing the central bank’s settlement of funds.
Siemens’ blockchain initiatives are part of a larger plan that includes the adoption of innovative technologies. Back in 2024, they teamed up with Sony to delve into the metaverse, focusing on the ‘metaverse their metaSony’selvespaceworld, the digital world, specifically known as Siemens’ blockchain efforts aimed at developing virtual reality headsets, originally explorily exploring the industrial applications. The collaboration is anewically-made collaborative exploration of mixed reality-based collaboration of Sony and Sony collaboration aimed collaboration of Sony and Keatlon, focusing onness. This partnership aims to develop a new mixed-reality headset for professional designers and engineers with artificial intelligence, designed for artificial engineers, and metaverse professionals. The collaboration seeks to improve professional design, designed for professional development, aiming at professional designers, designed for industrial enhancement. The collaboration’s,s, collaboration seeks toonness. The &-oriented professional design, designed for artificial professionals, and metaverse professionals. According for industrial collaboration, according for artificial engineers, and metaverse collaborations. This partnership is aimed towards augmenting professional collaborations.
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2024-09-04 12:40