Siemens Issues $330M Digital Bond on Private Blockchain with Major German Banks Including Deutsche Bank
The issuance was the company’s first digital bond with fully automated settlement, building on last year’s issuance on the Polygon network.
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The issuance was the company’s first digital bond with fully automated settlement, building on last year’s issuance on the Polygon network.
ENor Securities, an exchange based in El Salvador, will offer Backed’s bTokens to retail investors in Latin America.
Traditional finance institutions are increasingly exploring ways of putting assets like bonds, credit and funds on blockchain rails, known as RWA tokenization, to pursue operational benefits.
Ethena’s proposal to allocate funds to tokenized real-world assets for yield follows similar actions by crypto lender MakerDAO and Ethereum layer-2 Arbitrum’s development organization.
Superstate’s new offering comes after its first tokenized fund of short-term U.S Treasury bills, which debuted earlier this year.
Global lenders and asset managers are increasingly exploring blockchain tech to issue and transfer traditional financial instruments, also known as tokenization of real-world assets.
MakerDAO’s competition to allocate funds will open next month, and would give a big boost for the $1.8 billion tokenized real-world asset space.
The overall market of tokenized U.S. Treasury products has reached $1.8 billion, up from $780 million in January, rwa.xyz data shows.
Tokenization adoption will happen in waves led by assets such as mutual funds, bonds, loans, McKinsey said in a report.
Private credit has been at the forefront of crypto’s asset tokenization trend with over $600 million outstanding on-chain assets.