Siemens issues blockchain digital bond worth 60 million euros

February 16 TuoniaoX.com news, electronic and electrical engineering company Siemens announced the first issuance of digital bonds on a public blockchain under the German Electronic Securities Act (eWpG), with the bond worth 60 million euros (approximately $64 million) and a term of one year. Since digital euros were not available at the time of transaction, purchasing the securities will be paid through bank accounts. Siemens stated that the 'Electronic Securities Act' allows companies to sell securities directly to investors without hiring established central securities depositories.