Siemens , Germany’s third-largest publicly traded company by market cap, issued its first digital bond as it looks to reduce paperwork and reach out to potential purchasers directly.
The 60 million-euro bond, issued on the Polygon blockchain, has a maturity of one year, according to aA blockchain bond “makes paper-based global certificates and central clearing unnecessary,” the company said in the statement. “What’s more, the bond can be sold directly to investors without needing a bank to function as an intermediary.”
The sale isn’t Siemens’ first experiment with blockchain technology. In December, 2021, JPMorgan Chase with the engineering and manufacturing giant to develop a blockchain-based system for payments. The system is used to automatically transfer money between the Munich-based company’s own accounts.
Siemens 0xPolygon LedesmaLyllah How come there are tons of press articles about this and none mentions the polygonscan tx hash? Is the crypto reporting industry broken? No research done?
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