Siemens Successfully Issues €300 Million Digital Bond on Blockchain
Publication Time:2024-09-04 20:56:08
German technology conglomerate Siemens has once again demonstrated its innovation prowess in the application of blockchain technology by successfully issuing a €300 million digital bond using SWIFT’s licensed blockchain. This marks a further exploration into technological innovation in the financial sector. Compared to traditional bond issuance, this issuance achieved an astonishingly rapid settlement, completing the transaction within minutes, significantly boosting market efficiency. The bond issuance utilized the German Trigger solution and was automatically processed through the TARGET 2 system for central bank payments, eliminating cumbersome manual operations. This highlights the practical value of blockchain technology in the financial sector. This issuance is not only another milestone for Siemens in the blockchain field but also reflects its ongoing efforts to promote the development of fintech. Notably, this issuance is part of the European Central Bank’s (ECB) Distributed Ledger Technology (DLT) wholesale settlement pilot, showcasing the potential of blockchain technology in broader financial application scenarios.
Digital Bond
SWIFT
Siemens
swift settlement