Recently, two large technology companies - Siemens and Samsung, have both made significant progress in the field of Crypto assets.
According to a statement on September 4, German technology giant Siemens issued its second digital bond on the public blockchain, worth 0.3 billion euros.
The bond will mature in one year and settle on SWIAT's private permissioned blockchain, utilizing the trigger solution from the Deutsche Bundesbank.
Deutsche Bank served as the bond registrar, with BayernLB, Deutsche Bank, Helaba, and LBBW participating as investors. Deutsche Bank assisted with central bank currency settlement.
Siemens stated that the transaction was completed in "fully automated fashion in a matter of minutes" using central bank currency. It also added that the bond was issued in accordance with the German Electronic Securities Act, which came into effect in 2021.
The law allows for the issuance of securities in electronic form without physical certificates.
The company also noted that its new digital bond supports the European Central Bank's (ECB) testing of distributed ledger technology (DLT) for central bank settlement of securities.
Prior to this bond issuance, Siemens had already issued a digital bond worth 60 million euros in February 2023.
RalfP. Thomas, Chief Financial Officer of Siemens AG, said: "By issuing another digital bond, we are once again demonstrating our innovative spirit and emphasizing our goal of driving the financial market digital solutions."
Meanwhile, John Yim, an investor at Samsung Next, announced in a blog post on September 4th that as part of the Soneium Spark program, Samsung's venture capital division, Next, will invest in Startale Labs. The specific amount has not been disclosed.
Yim explained that the reason the company invested in Startale Labs is because they provide important tools and infrastructure such as Astar Network, Soneium, and Startale Cloud Services, which simplify the development and deployment of decentralized applications (dApps) and smart contracts.
Yim also pointed out that Startale Labs' solutions reduce barriers such as high entry costs, lack of interoperability, and technical complexity, making it easier for developers and businesses to access Web3 technology and improve scalability.
Sota Watanabe, founder of Startale Labs, said the company's strategy is to "first establish distribution channels and engage with people outside the Web3 space."
"We aim to understand existing problems and then explore how Web3 can solve these problems. All technological solutions should be driven by problems, not by the technology itself."