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Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain

February 16, 2023

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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:

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