Siemens has again issued a digital bond in accordance with Germany’s Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG).
This follows the successful issuance of its first digital bond last year. In issuing the bond, the company is supporting the trials by the Eurosystem and the Bundesbank in particular, that are aimed at testing blockchain technology for the digital financial market.
“Since the successful issuance of our first digital bond on a blockchain, we have been rigorously focusing on the further development of this forward-looking technology. 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. Siemens remains a pioneer in the application of the latest technologies on the capital and securities markets,”
said Ralf P. Thomas, Chief Financial Officer of Siemens AG.
“Automated processing within a few minutes shows the enormous potential of this new technology and confirms our strategy of playing a leading role in continuously shaping the digital transformation. We are proud to be an active driver of further developments in this area and of the further digitalization of the capital markets. Thanks to our successful collaboration with our project partners, we have reached another key milestone,”
added Peter Rathgeb, Corporate Treasurer of Siemens AG.
The current bond has a volume of €300 million and a maturity of one year. The securities transaction was settled via the private permissioned blockchain of SWIAT, and the Trigger Solution provided by the Bundesbank, making it possible to settle a Siemens bond for the first time in a fully automated manner, within minutes and in central bank money.
Settlement in Minutes
In the transaction, Siemens leveraged its valuable experience with last year’s first-time €60 million digital bond issuance, which had still required a two-day settlement period. As a result, this time the settlement risk was almost fully eliminated for all parties involved.
DekaBank acted as bond registrar for the transaction. BayernLB, DekaBank, DZ BANK, Helaba and LBBW invested in the securities. Deutsche Bank ensured settlement for Siemens in central bank money via the Bundesbank Trigger Solution.
Featured image credit: edited from freepik
The post Siemens Launches €300 Million Digital Bond on Blockchain appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.
Full story here Are you the author?
You Might Also Like
ZKB bietet neu den Handel und die Verwahrung von Crypto an
2024-09-04
Ab dem 4. September 2024 können Kundinnen und Kunden über die Zürcher Kantonalbank Kryptowährungen rund um die Uhr direkt im ZKB eBanking oder ZKB Mobile Banking Crypto handeln.
Die Bestände der Kryptowährungen werden dabei in die bestehende Depotsicht integriert. Vorerst stehen Bitcoin und Ethereum zur Auswahl.
Crypto Verwahrung
Kryptowährungen nutzen die Blockchain. Mit den Chancen und Risiken dieser Technologie beschäftigt sich die Zürcher Kantonalbank schon seit Längerem.
2021 war die Bank beispielsweise an der Emission der weltweit ersten digitalen Anleihe an der SIX Digital Exchange beteiligt, 2023 wickelte sie als Joint Lead Managerin im Rahmen eines Pilotprojekts der Schweizerischen Nationalbank die Ausgabe digitaler Anleihen mit digitalem Zentralbankgeld ab.
Alexandra Scriba
SNB Study: Tornado Cash Case Highlights the Challenge of Regulating Decentralized Services
2024-09-04
Tornado Cash, a decentralized smart contract protocol built on the Ethereum blockchain, was sanctioned in 2022 by the US Treasury’s Office of Foreign Assets Control (OFAC) for its role in laundering over US$7 billion worth of illicit funds since 2019.
The sanctions initially led to a drop in Tornado Cash use, weakening its ability to provide anonymity. However, transactions on the platform continue, reflecting the mixed effectiveness of sanctions on decentralized networks and highlighting the challenges in regulating these systems, a new research paper by the Swiss National Bank (SNB) says.
The SNB working paper, released in August 2024, assesses the impact of OFAC sanctions on Ethereum communities and actors, with a particular focus on Tornado Cash.
Tornado Cash is a cryptocurrency mixer
Neue Schweizer Crypto Assets-Ökosystem Studie der Hochschule Luzern
2024-08-21
In der Schweiz und Liechtenstein hat sich in den letzten Jahren ein diverses Ökosystem rund um Investitionen in Crypto Assets entwickelt.
Auch in den letzten zwölf Monaten ist dieses stetig gewachsen und hat an Vielfalt hinzugewonnen. Die Regionen Zug und Zürich beherbergen die grösste Anzahl von Unternehmen. Einen aktuellen Überblick gibt die neueste «Crypto Assets Study» der Hochschule Luzern.
Zwischen Juli 2023 und Juni 2024 haben sich die Preise und die Marktkapitalisierung von Bitcoin und anderen Crypto Assets erheblich erhöht. Auch das Schweizer und Liechtensteiner Ökosystem für entsprechende Investitionen ist gewachsen – sowohl, was Anbieter als auch was Produkte angeht.
Ende Juni zählten die beiden Länder insgesamt 359 Unternehmen, die Produkte und Dienstleistungen rund um
Crypto Wealth Report: Integration of Cryptocurrencies Boosted by Institutional Interest
2024-08-08
Cryptocurrencies are increasingly being integrated into traditional finance, driven by both retail and institutional interest. Financial institutions are embracing tokenization and institutional investors are increasingly entering the cryptocurrency market.
Bitcoin, in particular, is emerging as a valuable diversification tool in wealth management, highlighted for its low correlation with traditional asset classes and its strong growth performance, a new report by Bitcoin Suisse, a Swiss crypto services provider, says.
The inaugural “Crypto Wealth Management Report”, released in July 2024, looks at the historic performance of bitcoin, showcasing the crypto’s position as a potential powerhouse within diversified portfolios. The report explores the key drivers behind the performance of
Eurex Launches Ether Derivatives
2024-07-18
Eurex expands its crypto derivatives portfolio with the launch of FTSE Ethereum Index Futures and Options as of 12 August 2024. Following the launch of FTSE Bitcoin Index Futures and Options in 2023, this is another major milestone in Eurex’s ambition to offer secure access to cryptocurrencies in a regulated market environment.
Will the Market Push the Dollar Above JPY152 as Japanese Prime Minister Heads to the US?
2024-04-08
Overview: The jump in US rates after the employment
report failed to ignite a sustained rally in the dollar and this shaken the
market’s near-term confidence. The dollar has been mostly confined to narrow
ranges and the low yielding Swiss franc and Japanese yen are softest with the
G10 complex today. The dollar is knocking on JPY152. The Scandis and Antipodeans lead the advancers. The euro has
made little headway despite a much stronger than expected German industrial
output. Mainland China markets re-opened, and the dollar remains at the upper
end of the 2% band and above it against the offshore yuan. Most emerging market
currencies are softer, but the South African rand’s 0.5% gain stands out, which
some see as a gold play. The yellow metal reached a new record-high near $2354
today in
Blackrock Launches Its First Tokenized Fund on Ethereum
2024-03-22
BlackRock unveils its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (“BUIDL”)
BUIDL will provide qualified investors with the opportunity to earn U.S. dollar yields by subscribing to the Fund through Securitize Markets, LLC.
Robert Mitchnick
“This is the latest progression of our digital assets strategy,”
said Robert Mitchnick, BlackRock’s Head of Digital Assets.
“We are focused on developing solutions in the digital assets space that help solve real problems for our clients, and we are excited to work with Securitize.”
Tokenization remains a key focus of BlackRock’s digital asset strategy. Through the tokenization of the Fund, BUIDL will offer investors important benefits by enabling the issuance and trading of ownership on a
Tags: Blockchain,Featured,Germany,newsletter
