German tech giant Siemens uses SWIAT-licensed blockchain technology to issue 300 million euros in digital bonds

Odaily News German tech giant Siemens has announced that it has issued its second digital bond for €300 million. The bond was issued using SWIAT’s permissioned blockchain technology as part of the European Central Bank’s wholesale distributed ledger technology (DLT) settlement trial. The one-year bond uses Germany’s Trigger solution to automate central bank payments through the TARGET 2 system, reducing settlement times to just minutes. In comparison, Siemens’ previous €60 million bond issued on the Polygon blockchain took two days to settle. (cryptonews)