Natixis Pfandbriefbank successfully issued a digitally registered secured bond of 100 million euros on the SWIAT permissioned blockchain, the first of its kind in Germany. DekaBank acted as the buyer for the offering, acting as both registrant and payment agent.
SWIAT, co-founded by DekaBank and LBBW and backed by Standard Chartered's SC Ventures, has participated in several wholesale DLT settlement tests by the ECB, but the bond issue was not included in those tests.
Earlier this month, SWIAT also participated in a 100 million euro digital secured bond issued by Berlin Hyp, but the bond is a bearer bond and is subject to German eWpG law. DekaBank plans to achieve the first billion euro issuance on the SWIAT blockchain by 2025.
Earlier this year, SIX Digital Exchange became the first institutional platform with a digital circulation of over one billion euros, and other platforms such as HSBC's Orion are also growing rapidly.
Natixis Pfandbriefbank issues 100 million Euro Digital Secured Bond on SWIAT Blockchain
2024-08-28 19:32:54
Natixis pfandbriefbank success swiat license area issuance million euros digitaldesk3cryptocurrencydesktopCrypto News
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