Germany’s KfW to Sell Its First Blockchain-Based Digital Bond
- Treasurer says goal is to attract more potential investors
- Transaction is scheduled to be completed in the summer
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German state-owned development bank Kreditanstalt fuer Wiederaufbau is preparing to issue its first blockchain-based digital bond in the form of a crypto security.
KfW has already issued a first digital bond in the form of a central register security in accordance with the German Electronic Securities Act, known as eWpG. “We are now taking the next big step with the issuance of a blockchain-based bond for which we want to attract as many investors as possible,” Treasurer Tim Armbruster said in a statement.