Siemens Issues Second Digital Bond Worth 300 Million Euros

According to Odaily, German technology giant Siemens has announced the issuance of its second digital bond, valued at 300 million euros. This bond issuance utilizes SWIAT's permissioned blockchain technology and is part of the European Central Bank's wholesale distributed ledger technology (DLT) settlement experiment. The one-year bond employs Germany's Trigger solution, enabling automated central bank payments through the TARGET 2 system, significantly reducing settlement time to just a few minutes. In contrast, Siemens' previous issuance of a 60 million euro bond on the Polygon blockchain took two days to settle.