Siemens issues second digital bond worth 300 million euros
German technology conglomerate Siemens has issued a second digital bond worth 300 million euros using the SWIAT permissioned blockchain. The one-year bond used Germany's Trigger solution to automate central bank payments through the TARGET 2 system, settling in just a few minutes.
The company said in a recent press release that this quick settlement contrasts with Siemens' previous issuance of 60 million euro bonds on the Polygon blockchain, which took two days to settle.
The offering is part of the European Central Bank's (ECB) wholesale settlement trial for distributed ledger technology (DLT).