PANews reported on August 13 that according to CoinDesk, Germany's largest development bank, KfW, has cooperated with the Stuttgart digital exchange Boerse Stuttgart Digital (BSD) as an infrastructure provider to prepare for the upcoming blockchain-based tokenized bond issuance.
KfW plans to issue bonds under the German Electronic Securities Act (eWpG) in the coming weeks. BSD will be responsible for managing the crypto wallets and protecting the private keys during the issuance and redemption process. The upcoming bond issuance will be part of the European Central Bank's trial of using central bank money to settle blockchain-based transactions.
