Germany's KfW Bank will issue blockchain-based digital bonds
2024-05-07 23:32:34
KfW is preparing to issue the first blockchain-based digital bond in the form of crypto securities under the German Electronic Securities Act (eWpG). The blockchain-based deal will be conducted by a consortium of bookrunners comprising DZ Bank, Deutsche Bank, LBBW and Bankhaus Metzler, with Union Investments listed as anchor. Other investors will join in the coming weeks, with the deal scheduled to be completed in the summer of 2024. KfW has already issued the first digital bond in the form of a centrally registered security.
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