KfW, German State-Owned Bank Makes Plans To Begin Issuing Blockchain-Based Digital Bonds

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A development bank that is a property of a Germany state, called the Kredittanstalt fuer Wiederaufbau (KfW), has recently started making plans to begin issuing digital bonds that are blockchain-based. This will be the first time its doing this.

Previously the KfW has been issuing digital bonds. They've been doing this following German Electronic Securities Act. However, at the moment, KfW aims to expand and grow, by starting to issue bonds that are blockchain-based.

KfW plans to engage with investors in various European firms, during the time that they make preparations to start. It's speculated that these engagements may take few weeks. This time is planned to be utilized in getting investors comfortable with the new ways transactions will be done.

Some other banks are involved with KfW on this, but as joint bookrunners. These banks involved are: LBBW, Deutsche Bank, Bankhaus Metzler, and DZ bank. While Cashlink Technologies GmbH, which is a fintech institution, that is based in Frankfurt, serves as the registrar for crypto securities.