Siemens Issues and Settles Commercial Paper Using Onyx and SWIAT Blockchain

Quick Summary:

Siemens Issues and Settles Commercial Paper Using Onyx and SWIAT Blockchain Siemens, the German multinational technology conglomerate, has successfully issued and settled tokenized digital commercial paper using JPMorgan’s blockchain affiliate Onyx and SWIAT’s blockchain, marking a significant step in the digitization of commercial securities.

The issuance of crypto securities by Siemens was made possible by the German Electronic Securities Act (eWpG), which provides a clear legal framework for the use of digital securities in the country.

By leveraging Onyx and SWIAT’s blockchain, Siemens was able to tokenize €100,000 worth of commercial paper, a short-term debt instrument traditionally used to raise capital for corporate needs.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaGermany

Topics: Latest News Siemens Issues and Settles Commercial Paper

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 06:33:14 (5 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22691655

View Article Analysis

About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Year Established: 2020

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

Frequently Asked Questions