German state-owned bank KfW invests 10 million euros to buy crypto bonds
2025-05-01 03:27:01
German state-owned bank and digital bond issuer KfW announced an investment of 10 million euros to purchase Berlin Hyp's blockchain collateralized bond Pfandbrief, the first "crypto security" issued in Germany under the Electronic Securities Act (eWpG), issued through the SWIAT blockchain platform without the need for a central securities depository (CSD). It is reported that the purchase transaction was made by DekaBank as a market maker and custodian, and was settled over the counter.
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