TechFlow News — Siemens, the electrical engineering giant, has announced the issuance of its first digital bond on a blockchain under Germany's Electronic Securities Act (eWpG). The bond is worth 60 million euros and has a maturity of one year. Issuing bonds on a blockchain offers numerous advantages over traditional processes—for example, it eliminates the need for paper-based global certificates and central clearing. More importantly, the bonds can be sold directly to investors without requiring banks as intermediaries.
Siemens stated that by leveraging the Electronic Securities Act, the company can now directly offer securities to investors without relying on established central securities depositories. Hauck Aufhäuser Lampe Privatbank AG served as the bond registrar for this transaction. The bond was invested in by DekaBank, DZ Bank, and Union Investment.Original link
