Hauck Aufhäuser supports KfW in blockchain bond issuance
03 July 2024 Germany
Image: stock.adobe.com/Open Studio
KfW will issue its first crypto security under the Electronic Securities Act, on the Polygon blockchain on Thursday 4 July, amounting to €100 million.
For the issuance, Hauck Aufhäuser Digital Custody, Hauck Aufhäuser Lampe Privatbank’s subsidiary, will serve as the crypto custodian.
The bearer bond has a term of around one year, and represents one of the first crypto securities from the German banking sector.
Simon Seiter, head of Digital Assets at Hauck Aufhäuser Lampe, states: "We are very proud that we were chosen to act as the licensed crypto custodian in this groundbreaking transaction and to support KfW in issuing a blockchain bond with our expertise."
For the issuance, Hauck Aufhäuser Digital Custody, Hauck Aufhäuser Lampe Privatbank’s subsidiary, will serve as the crypto custodian.
The bearer bond has a term of around one year, and represents one of the first crypto securities from the German banking sector.
Simon Seiter, head of Digital Assets at Hauck Aufhäuser Lampe, states: "We are very proud that we were chosen to act as the licensed crypto custodian in this groundbreaking transaction and to support KfW in issuing a blockchain bond with our expertise."
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
