Siemens Issues Digital Bond Worth €300 Million
CryptoNewsTerminal Staff04 Sep, 2024
Siemens Issues Digital Bond Worth €300 Million
Siemens, a German industrial manufacturing giant, has issued a €300 million ($330 million) digital bond with a one-year maturity on the SWIAT tokenization network. SWIAT is a distributed ledger technology (DLT)-based network developed by Dekabank, a German banking major. This move follows Siemens' issuance of a blockchain-based digital bond in February 2022. The latest issuance further exemplifies the growing adoption of digital assets in the financial sector, as companies seek to leverage the benefits of blockchain technology.
