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 German technology giant Siemens has issued its second set of blockchain-based digital bonds. 
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The bonds, valued at €300 million, are part of the company’s move to solidify its position in the distributed ledger market, according to a recent<a style="color: #0000ff;" href="https://press.siemens.com/global/en/pressrelease/siemens-remains-pioneer-another-digital-bond-successfully-issued-blockchain?data=32ds89denis82od3omelchenko89yds"> press release</a>. 
Siemens emphasized that it is building on the success of its <a style="color: #0000ff;" href="https://defi-planet.com/2023/02/siemens-becomes-the-first-german-manufacturer-to-issue-digital-bonds-on-a-blockchain/">first digital bond issued last year </a>to continue to be a leader in adopting cutting-edge technologies in capital markets. The company noted that the move underscored its commitment to advancing digital solutions for financial markets. 
Ralf P. Thomas, Chief Financial Officer of Siemens AG, emphasized, 
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 “Following the successful issuance of our first digital bond, we have remained focused on advancing blockchain technology. By issuing this second digital bond, we reaffirm our commitment to innovation and our goal to drive digital solutions in financial markets.”
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Peter Rathgeb, Corporate Treasurer of Siemens AG, highlighted, 
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 “The automated processing of this bond within minutes showcases the significant potential of blockchain technology and validates our strategy of leading digital transformation. We are proud to contribute actively to the digitalization of capital markets, achieving another key milestone through successful collaboration with our partners.”
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According to the press release, the bonds were issued in compliance with Germany’s Securities laws and are part of trials by the Eurosystem and Bundesbank, which are focused on testing blockchain technology for the digital financial market. DekaBank served as the bond registrar, while BayernLB, DZ BANK, Helaba, and LBBW participated as investors. Deutsche Bank facilitated the central bank money settlement. 
Siemens’ blockchain initiatives are part of a broader strategy embracing new technologies. Earlier in 2024, the<a href="https://www.cnbc.com/video/2024/01/09/siemens-partners-with-sony-on-new-headset-for-industrial-metaverse.html"> company partnered with Sony</a> to explore the metaverse, focusing on industrial applications. This collaboration aims to introduce a new mixed-reality headset for professional designers and engineers, enhancing productivity with artificial intelligence, according to Siemens CEO Roland Busch. 
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The post <a href="https://defi-planet.com/2024/09/siemens-issues-another-set-of-blockchain-based-digital-bonds-says-move-is-to-reinforce-innovator-status/">Siemens Issues Another Set of Blockchain-Based Digital Bonds, Says Move is to Reinforce Innovator Status</a> appeared first on <a href="https://defi-planet.com">DeFi Planet</a>.

Siemens Issues Another Set of Blockchain-Based Digital Bonds, Says Move is to Reinforce Innovator Status

DeFi Planet

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