Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain
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German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, including the opportunity for direct sale to investors. Digital Bond Issued Under Germany’s Electronic Securities Act The largest industrial manufacturer in Europe, Siemens, announced it has become one of the first companies in Germany to issue a digital bond in accordance with the country’s Electronic Securities Act which came into force in June, 2021. The €60-million bond ($64 million) has a maturity of one year and is based on a public blockchain, that
Futian Investment Holding (FTID), a wholly state-owned enterprise in Shenzhen, China, has issued the world’s first publicly listed real-world asset (RWA) bond on Ethereum. The offshore RMB bond, valued at 500 million yuan, has a two-year term and a coupon rate of 2.62%. In the global market, it is the…