German state-owned bank KfW will launch blockchain-based digital bonds

ChainCatcher news, Germany's state-owned bank KfW will launch blockchain-based digital bonds. The bank has chosen Stuttgart Digital Exchange (BSD) as its infrastructure provider partner to prepare for the upcoming issuance of blockchain-based digital bonds.

It is reported that KfW plans to issue bonds in the coming weeks under the German Electronic Securities Act (eWpG). BSD will oversee the crypto wallets and protect the private keys during the issuance and redemption process. This upcoming service will be part of the European Central Bank's experiment using central bank money to settle blockchain transactions.