Germany’s KfW to Sell Its First Blockchain-Based Digital Bond

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.

“We believe that digitalization will be advantageous in terms of increased efficiency and scalability,” he said. ...