Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Digital assets news
  3. Hauck Aufhäuser supports KfW in blockchain bond issuance
Digital assets news

Hauck Aufhäuser supports KfW in blockchain bond issuance


03 July 2024 Germany
Reporter: Jack McRae

Generic business image for news article
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."
← Previous digital assets article

Flow Traders partners with Copper
Next digital assets article →

DDA launches Bitcoin Macro ETP on Xetra
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 Asset Servicing Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Custodian

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →