Siemens issues second digital bond worth €300 million
German technology conglomerate Siemens has issued its second digital bond worth €300 million using the SWIAT licensed blockchain. The one-year bond was settled in just a few minutes using Germany's Trigger solution, which automates central bank payments through the TARGET 2 system. This rapid settlement contrasts with Siemens' previous €60 million bond issue on the Polygon blockchain, which took two days to settle, the company said in a recent press release. The issuance was part of the European Central Bank's (ECB) Distributed Ledger Technology (DLT) wholesale settlement trial.
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