
Siemens Embraces Blockchain with $64M Digital Bond Offering
Siemens, the German engineering and technology giant, has issued a digital bond worth 60 million euros ($64 million) on a public blockchain, becoming one of the first companies in Germany to do so. The bond has a maturity of one year and was sold directly to investors such as DekaBank, DZ Bank, and Union Investment, without the need for central clearing and paper-based global certificates. Siemens emphasized the benefits of using digital bonds over traditional bond-issuing methods in the announcement. By using blockchain, paper-based global certificates and central clearing can be eliminated, and the bond can be sold directly to