- Siemens issues a €300M digital bond using blockchain technology.
- The bond was settled instantly on the SWIAT private blockchain using Bundesbank’s Trigger Solution.
- This follows Siemens’ broader push into digital solutions and innovation in the financial sector.
Siemens has successfully issued its second digital bond, valued at €300 million, utilizing blockchain technology under Germany’s electronic securities act.
This bond, with a one-year maturity, was settled on the SWIAT private permissioned blockchain and used the Bundesbank’s Trigger Solution to enable instant settlement in central bank money.
Siemens Pushes Innovation with €300M Digital Bond and Blockchain Settlement
In addition to this blockchain initiative, Siemens has also been expanding its digital capabilities through collaborations with industry leaders like Sony. Earlier in 2024, Siemens partnered with Sony to explore industrial applications within the metaverse, specifically focusing on a new mixed-reality headset for professional designers and engineers. These strategic moves highlight Siemens’ goal of integrating innovative digital technologies across its operations.
The bond was settled on SWIAT’s private blockchain, with DekaBank acting as the bond registrar, and investors including BayernLB, DZ BANK, Helaba, and LBBW. Deutsche Bank played a key role in facilitating the central bank money settlement. Siemens’ choice to use a permissioned blockchain and the Bundesbank’s Trigger Solution highlights the company’s focus on security, efficiency, and the broader application of digital technologies in finance.
Beyond its financial innovation, Siemens is also making strides in the industrial technology space. In collaboration with Sony, the company is developing a mixed-reality headset for professional use, aimed at enhancing productivity in engineering and design through the metaverse. Siemens’ continuous exploration of emerging technologies, such as artificial intelligence and blockchain, aligns with its strategy to modernize industries and improve operational efficiencies.
These digital transformations reflect Siemens’ overarching goal to be at the forefront of industry and technology. From blockchain solutions in finance to immersive tools in the metaverse, Siemens is creating an ecosystem where technology and innovation drive progress across its global operations.
Siemens’ ongoing embrace of blockchain and emerging digital solutions demonstrates its commitment to shaping the future of finance and industry through cutting-edge technology.
“By issuing another digital bond, we are demonstrating once again our spirit of innovation and underscoring our aim to continuously drive digital solutions for the financial markets.” – Ralf P. Thomas, CFO of Siemens
