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The ESA enabled the issuance of blockchain-based digital bonds in Germany after it went into effect in June 2021. Thanks to the rules outlined in the ESA, Siemens was able to sell the securities directly to investors without needing to engage with established central securities depositories. “By moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past,” said Peter Rathgeb, corporate treasurer at Siemens AG. “Thanks to our successful cooperation with our project partners, we have reached an important milestone in the development of digital securities in Germany. We are going to actively drive their ongoing development.
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Source: CryptoAmb - 🏆 22. / 68 Read more »