KfW, the German state-owned bank, to issue its maiden bond utilizing blockchain technology.

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The post German state-owned bank KfW to issue its first blockchain-based bond appeared first on CoinGeek.

Union Investment, the $455 billion investment arm of Germany’s second-largest lender, DZ Bank AG, will serve as the anchor investor.

The initial goal on the road to the digitalisation of refinancing is to learn and thereby identifying potential for improvement,” commented KfW Treasurer Tim Armbruster.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaGermany

Topics: Business Melanie Kehr Kreditanstalt fuer Wiederaufbau Bond

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-11 @ 09:00:37 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © CoinGeek

News ID: 20935966

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