Deployments · platform by SWIAT

Siemens digital bond on SWIATUpdated 14 Oct 2026

Siemens' second digital bond, EUR 300 million for one year, issued under the German Electronic Securities Act on the permissioned SWIAT blockchain with DekaBank as registrar. It settled within minutes in central bank money via the Bundesbank Trigger Solution, as part of the Eurosystem's 2024 trials, with Deutsche Bank handling the cash side. Five German banks bought the bonds.

Inactive · matured or redeemed since Sep 2025^[1]i — One-year bond issued September 2024; treated as matured in 2025. · Reviewed 22d ago i

Assets

Debt security^[1]

One-year EUR bond issued as an electronic security

Networks

SWIAT Private, permissioned^[1]

Use cases i

Primary issuance^[1]Delivery versus payment (DvP)^[1]

Jurisdictions

Germany

Participants

• SWIATPlatform provider^[1]Germany
• SiemensIssuer^[1]Germany
• DekaBankTransfer agent or registrar, Investor^[1]Germany
• Deutsche BankPaying or settlement agent^[1]Germany
• Deutsche BundesbankCash leg provider^[1]Germany
• BayernLBInvestor^[1]Germany
• DZ BANKInvestor^[1]Germany
• HelabaInvestor^[1]Germany
• LBBWInvestor^[1][2]Germany

Operates under

• Electronic Securities Act (eWpG), GermanyGermany · Primary legislation^[1]

Likely relevant regulation i

• Central Securities Depositories Regulation (CSDR), Regulation (EU) No 909/2014European Union
• EU DLT Pilot RegimeEuropean Union

Assets

• IssuesSiemens EUR 300m 1-year digital bond on SWIAT, 2024^[1]

Moves across networks

• viaBundesbank Trigger Solution^[1][2]Cash leg settled in central bank money in T2 through the Trigger Solution.

Metrics i

• €300mDigital bonds issued · as of Sep 2024^[1]

Timeline

1. Happened Sep 2025 (month only) · Retired · recorded 11 Oct 2026
   The one-year bond reaches maturity.^[1]
2. Happened 4 Sep 2024 · Launch · recorded 11 Oct 2026
   Siemens announces a EUR 300 million one-year digital bond settled on SWIAT in central bank money within minutes.^[1][2]

Sources i