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Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain

February 16, 2023


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 of Polygon, according to crypto media reports. Announcing the deal on Tuesday, Siemens emphasized certain advantages of employing a blockchain platform over traditional methods: