According to Odaily Planet Daily, DekaBank announced that it had purchased a 100 million euro digital registered mortgage bond issued by Natixis Pfandbriefbank. This is the first such bond issued in Germany and uses the SWIAT permissioned blockchain.
Natixis Pfandbriefbank is an indirect subsidiary of Groupe BPCE, the fourth largest banking group in France. DekaBank is also a registrar and paying agent. SWIAT was co-founded by DekaBank and LBBW, with participation from Standard Chartered’s SC Ventures.
The platform has participated in several wholesale DLT settlement tests with the ECB, but the bond issuance was not included in those tests. Earlier this month, SWIAT participated in another mortgage-related bond, a 100 million euro guaranteed digital bond issued by LBBW subsidiary Berlin Hyp.
