The engineering company has issued a $64 million digital bond on a public blockchain, claiming that it is much faster than the traditional channels of issuing bonds.
$65M Digital Bonds
Siemens has become one of the first companies in Germany to issue a digital bond worth 60 million euros or $64 million. The bond will follow the country’s Electronic Securities Act and will mature in a year. The tech giant announced the news on February 14, claiming that the bond was sold directly to investors without the involvement of central clearing or paper-based global certificates on the public blockchain. Furthermore, the company also pointed out that the digitalization of bonds increased overall transaction speed and efficiency as opposed to the traditional bond-issuing methods.
In the announcement, the company said,
“Issuing the bond on a blockchain offers a number of benefits compared to previous processes. For instance, it makes paper-based global certificates and central clearing unn
We współpracy z: https://cryptodaily.co.uk/2023/02/siemens-goes-digital-for-million-dollar-bond
