German technology conglomerate Siemens has issued a second digital bond worth 300 million euros using the SWIAT permissioned blockchain. The one-year bond used Germany's Trigger solution to automate central bank payments through the TARGET 2 system, settling in just a few minutes. The company said in a recent press release that this quick settlement contrasts with Siemens' previous issuance of 60 million euro bonds on the Polygon blockchain, which took two days to settle. This time...
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 a...