Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
The company used the permissioned, private blockchain of fintech firm SWIAT and the Bundesbank's trigger solution for settlement.German industrial giant Siemens AG said Wednesday that it issued a 300 million euro digital bond on blockchain rails as part of a European Central Bank's trial.
Major German financial institutions BayernLB, DekaBank, DZ BANK, Helaba and Landesbank Baden-Württemberg invested in the bond. Deutsche Bank also participated facilitating the settlement process."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," said Peter Rathgeb, Corporate Treasurer of Siemens.
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