June 3, 2024

German bank KfW issues first blockchain-based digital bond in the form of crypto security with a principal amount of EUR 100m

Ledger Insights
German state-owned investment and development bank KfW has issued its first blockchain-based digital bond in the form of a crypto security in accordance with the German Electronic Securities Act. The transaction has been carried out by a bookrunner consortium consisting of DZ Bank, Deutsche Bank, LBBW and Bankhaus Metzler. DZ Bank also acts as a collective registered holder of the bond. Deutsche Bank is the lead arranger and settlement agent. Fintech company Cashlink was the crypto securities registrar. Union Investors was the anchor investor for the bond, and other investors include Berliner Volksbank, DekaBank, LBBW, Solventis AG, Sparkasse Pforzheim Calw and WI Bank. "Digitalisation of the financial industry plays a crucial role in the international competitiveness of the European financial market. As Germany's largest promotional bank, one of our most important goals is to make an active contribution to the development of the market for digital securities in Germany and Europe. W
Transaction announcement
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