Source: cryptoslate
Compiled by: Blockchain Knight
Recently, two large technology companies, Siemens and Samsung, have made significant progress in the field of Crypto assets.
German technology giant Siemens has issued its second digital bond on a public blockchain, worth €300 million, according to a statement on September 4.
The bond, which matures in a year, was settled using SWIAT’s private permissioned blockchain and leveraged the German Bundesbank’s Trigger Solution.
Dekabank acted as bond registrar, and Bayern Bank, Deutsche Bank, Helaba and LBBW participated in the transaction as investors. Deutsche Bank facilitated the settlement in central bank money.
Siemens said the transaction was completed in "a fully automated manner within minutes in central bank money," adding that the bond was issued in accordance with Germany's Electronic Securities Act, which came into effect in 2021.
The law allows securities to be issued in electronic form without the need for physical certificates.
Meanwhile, the company noted that its new digital bond also supports the European Central Bank’s (ECB) testing of distributed ledger technology (DLT) for settling securities in central bank money.
Prior to this bond issuance, Siemens had issued its first digital bond of 60 million euros in February 2023.
Ralf P. Thomas, Chief Financial Officer of Siemens AG, said: “With the issuance of another digital bond, we are once again demonstrating our innovative spirit and underlining our goal to continuously drive forward digital solutions in the financial markets.”
Meanwhile, Samsung Next investor John Yim said in a blog post on September 4 that Samsung’s venture capital arm Next will invest an undisclosed amount in Startale Labs as part of the Soneium Spark program.
Yim explained that the company invested in Startale Labs because they provide important tools and infrastructure, such as Astar Network, Soneium, and Startale Cloud Services, which can simplify the development and deployment of decentralized applications (dApps) and smart contracts.
Yim also noted that Startale Labs’ solutions reduce barriers such as high entry costs, lack of interoperability, and technical complexity, making Web3 technologies more accessible to developers and businesses and improving their scalability.
Sota Watanabe, founder of Startale Labs, said the company’s strategy is to “first secure distribution channels and reach out to people outside the Web3 space.”
“We aim to understand existing problems and then explore how Web3 can solve them. All technical solutions should be driven by the problem, not by the technology itself.”
