News list for " siemens"
German industrial giant Siemens successfully issued and settled digital commercial paper worth 100,000 euros through JPMorgan Chase's Onyx blockchain platform and SWIAT's private blockchain. The transaction was conducted under the German Electronic Securities Law (eWpG), the payment was made using JPMorgan Chase's JPM Coin system, and the asset transfer was completed through the SWIAT network's delivery and payment (DvP) mechanism. The entire process took only 93 seconds, marking the start of th...
German technology conglomerate Siemens has issued a second digital bond worth 300 million euros using the SWIAT permissioned blockchain. The one-year bond used Germany's Trigger solution to automate central bank payments through the TARGET 2 system, settling in just a few minutes. The company said in a recent press release that this quick settlement contrasts with Siemens' previous issuance of 60 million euro bonds on the Polygon blockchain, which took two days to settle. This time...
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