German Reconstruction Bank KfW and Cryptocurrency Investment
The German Reconstruction Bank (KfW) has just invested 11.4 million USD in the cryptocurrency security Pfandbrief, issued by Berlin Hyp. This is the first cryptocurrency security under German Electronic Securities Law, built on the SWIAT blockchain platform. KfW purchased this bond through DekaBank's OTC transaction.
Benefits of Distributed Ledger Technology
KfW emphasized the benefits of Distributed Ledger Technology (DLT) in finance. This technology has the potential to improve market efficiency and transparency. To develop digital securities, it is necessary to establish a secondary market and payment options from the central bank.
Digital Securities Issuance on Polygon and D7
In addition to the above investment, KfW has issued 171 million USD in cryptocurrency securities on the Polygon blockchain and 1.99 billion USD in digital securities through the Deutsche Börse D7 platform. These moves demonstrate KfW's determination to pioneer blockchain technology applications in the financial market.
Important Note
This article aims to provide market information and is not investment advice. Readers should carefully consider before making financial decisions.
