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Siemens has successfully issued a €300 million digital bond, marking a significant advancement in the integration of blockchain technology within the capital markets. The bond issuance was supported by DekaBank as registrar, alongside prominent investors including BayernLB, DZ BANK, Helaba, LBBW, and DekaBank. Deutsche Bank facilitated the settlement process using the Bundesbank Trigger Solution, ensuring seamless central bank money settlement.
This latest bond issuance builds on Siemens’ previous €60 million digital bond issuance last year, which required a two-day settlement period. However, the current issuance represents a leap forward, as the securities transaction was settled within minutes, thanks to Swiat’s private permissioned blockchain and the Bundesbank’s Trigger Solution. This fully automated settlement process eliminated any settlement risks for all parties involved.
Siemens’ treasurer, Peter Rathgeb, highlighted the significance of this technological innovation, stating: “Automated processing within a few minutes shows the enormous potential of this new technology and confirms our strategy of playing a leading role in continuously shaping the digital transformation. We are proud to be an active driver of further developments in this area and of the further digitalization of the capital markets.”
This milestone reinforces Siemens’ position as a pioneer in the digitalization of financial markets, demonstrating the transformative potential of blockchain in enhancing transaction efficiency, security, and overall market transparency.
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