TechFlow news, on September 4, according to CryptoNews, German tech giant Siemens announced the successful issuance of its second digital bond worth €300 million. This bond issuance utilized SWIAT's permissioned blockchain technology and is part of the European Central Bank's wholesale distributed ledger technology (DLT) settlement pilot project.
The one-year bond leveraged Germany’s Trigger solution to automate central bank payments via the TARGET2 system, reducing settlement time to just a few minutes. In contrast, Siemens’ previous €60 million bond issued on the Polygon blockchain required two days for settlement.
Ralf P. Thomas, CFO of Siemens, said: "Issuing another digital bond not only demonstrates our innovative spirit but also highlights our ongoing commitment to advancing digital solutions in financial markets."
