KfW, Germany's largest development bank, has partnered with Boerse Stuttgart Digital (BSD) as an infrastructure provider to prepare for the upcoming blockchain-based digital bond issuance. KfW plans to issue bonds under the German Electronic Securities Act (eWpG) in the coming weeks. The BSD will be responsible for managing crypto wallets and protecting private keys during the issuance and redemption process. The upcoming bond offering will be part of the European Central Bank's experiment to se...
The German state-owned bank KfW will launch a blockchain-based digital bond, and the bank has selected the Stuttgart Digital Exchange (BSD) as an infrastructure provider partner in preparation for the upcoming blockchain-based digital bond issuance. It is reported that KfW plans to issue bonds under the German Electronic Securities Act (eWpG) in the coming weeks. The BSD will oversee crypto wallets and protect private keys during issuance and redemption. The upcoming service will be part of an e...
German state-owned bank KfW has issued a 4 billion euro ($4.28 billion) digital bond with an interest rate starting July 2. The benchmark bond is the second digital bond issued by Clearstream using Deutsche Bo ̈ rse's D7 digital securities platform. It is a three-year bond with a coupon of 2.75%. This is the largest digital bond issue, followed by the $756 million green bond issued in Hong Kong in February. However, some may argue that they are not the same because of the...