German state-owned bank KfW has issued a 4 billion euro ($4.28 billion) digital bond with an interest rate starting July 2. The benchmark bond is the second digital bond issued by Clearstream using Deutsche Bo ̈ rse's D7 digital securities platform. It is a three-year bond with a coupon of 2.75%.
This is the largest digital bond issue, followed by the $756 million green bond issued in Hong Kong in February. However, some may argue that they are not the same, as the ledger used for KfW bonds is completely centralized, even though it is backed by Digital Asset's smart contract DAML.
By contrast, Hong Kong bonds are issued on HSBC Orion's DLT network. While Hong Kong's Central Clearing Unit for Money Markets (CMU) is the central securities depository (CSD) responsible for issuance, other direct participants in DLT can automatically clear and settle.
German state-owned bank KfW launches 4 billion euro digital bond
2024-06-28 08:37:48
German state bank kfw issue 4 billion euros 4.28 billion dollarsdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
德国国有银行 KfW推出 40 亿欧元数字债券Next article：
某地址花费13400枚SOL买入BARPA ，亏损达155万美元
