German tech giant Siemens issues its second digital bond worth 300 million euros using the SWIAT licensed blockchain

ChainCatcher news, German tech giant Siemens has issued its second digital bond worth 300 million euros (approximately 331 million dollars) using the SWIAT licensed blockchain. This issuance is part of the European Central Bank (ECB) distributed ledger technology (DLT) wholesale settlement experiment.

This one-year bond utilizes Germany's Trigger solution to automatically complete central bank payments through the TARGET 2 system, allowing settlement to be completed in just a few minutes.

The company stated that this rapid settlement contrasts sharply with Siemens' previous issuance of a 60 million euro bond on the Polygon blockchain, which required two days for settlement.