Siemens issued a €300 million digital bond on SWIAT’s blockchain platform. The bond settled in minutes, a significant improvement from Siemens’ previous bond. Major German banks participated, showcasing growing interest in blockchain assets.

Germany’s tech giant Siemens has issued a €300 million digital bond, its second blockchain-based bond. The bond, issued under Germany’s Electronic Securities Act (eWpG), is part of the European Central Bank’s (ECB) trials exploring blockchain’s potential in capital markets. Siemens makes a breakthrough in bond tokenization Siemens’ digital bond issuance marks a notable advancement in bond tokenization. The €300 million bond, with a one-year maturity, was issued on the SWIAT private blockchain platform and settled in minutes. This rapid transaction time highlights a significant improvement in speed and efficiency compared to traditional methods. In 2023, Siemens issued a €60 million blockchain-based bond on the Polygon (MATIC) blockchain that took two days to settle, making the new bond’s settlement within minutes a considerable leap forward. The bond’s issuance process leveraged Bundesbank’s automated Trigger Solution, demonstrating how blockchain technology can streamline financial transactions. Major German financial institutions, including BayernLB, DekaBank, DZ BANK, and Landesbank Baden-Württemberg, participated in this issuance, signalling a growing interest in blockchain-based assets among traditional financial players. Siemens’ initiative not only supports the ECB’s trials of distributed ledger technology (DLT) but also sets a precedent for future digital securities. Future prospects and industry impact Siemens’ move aligns with the European Central Bank’s broader efforts to assess blockchain technology’s integration into traditional financial systems. By issuing the bond according to the eWpG, Siemens is pioneering the use of electronic securities and reinforcing the feasibility of blockchain for capital markets. The bond’s swift settlement time, achieved through the private blockchain platform, suggests potential benefits in terms of lower costs, enhanced transparency, and greater security. In the recent past, blockchain-based bond issuances have seen incremental adoption, with notable examples including the World Bank’s 2018 issuance and Japan’s Nomura Research Institute’s 2020 issuance. Siemens’ latest digital bond reflects an ongoing trend toward bond tokenization, driven by blockchain technology’s promise of faster, more secure transactions. As the industry continues to evolve, the integration of smart contracts and blockchain technology is expected to accelerate, transforming how securities are issued and traded.

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ZKB now allows its retail customers to buy, sell, and hold the two most popular digital assets: Bitcoin and Ethereum. Despite underwhelming market performance, Poodlana is up 26% in the last 24 hours. 

ZKB now offers retail customers BTC and ETH Switzerland’s fourth-largest bank, ZKB, now allows its retail customers to buy, sell, and hold the two most popular digital assets: Bitcoin and Ethereum. This is possible thanks to the bank’s collaboration with Deutsche Börse-owned digital assets broker Crypto Finance. ZKB customers can now access BTC and ETH via ZKB’s existing Mobile App, eBanking, and other established channels. Furthermore, ZKB also handles the custody of crypto-assets, a service that can be offered to other Swiss banks. What is Poodlana? The cryptocurrency market has been largely underwhelming recently, but some gems continue to emerge. Poodlana is one such project that has been performing excellently despite the choppy market conditions.  Poodlana is a Solana-based meme coin that aims to introduce the glamor of high fashion to the crypto world. The project promotes the ethos of community while providing utility to users. According to their whitepaper, the Poodlana team is leveraging the breed’s popularity in Japan, Korea, and China to build a strong community for this project. $POODL soar 26% despite bearish market conditions $POODL, Poodlana’s native token, is one of the best performers in the crypto market. The token is up 26% in the last 24 hours, outperforming Bitcoin and other leading cryptocurrencies. At press time, Poodlana is trading at $0.01628. The positive performance comes just a few weeks after the team raised $8 million during its public presale. The token is now live on some leading crypto exchanges, including MEXC, BingX, and Raydium.  Currently, only the POODL/USDT pair is live on these exchanges, but they could list more pairs, such as POODL/BTC and POODL/ETH, in the coming weeks or months.  Should you buy POODL now? $POODL is currently one of the market’s best performers but has the potential to soar higher. The Poodlana team is working hard to introduce utility to the project as they target a market cap of at least $1 billion.  With its huge potential, $POODL is still operating at a discounted price, and this could be one of the best times for investors to get in on this project.  Read more about the Poodlana project here.

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