MATIC gained nearly 10% in value as technology manufacturing giant Siemens issued its $65 million digital bond on Polygon.
In a press release published on the official website of Siemens on February 14, to the German Electronic Securities Act (eWpG) issued on a public blockchain in accordance with first bond announced that he was out.
in total 65 million dollar value and 1 year The interest rate of the bond with maturity was not disclosed. Siemens is the company for issuing the bond on a public blockchain waste of paper, waste of time and the involvement of intermediary institutions in the process disadvantages of traditional methods such as that you saved stated. After the bond news, MATIC, close to 10% gained value.
Siemens Corporate Financial Affairs Officer Peter Rathgeb He made the following statements on the subject:
By moving away from traditional methods of issuing securities to the public blockchain, we can perform transactions much faster and more efficiently than the methods we have used in the past. Thanks to the successful cooperation with our project partners, we have reached a significant milestone in the development of digital securities in Germany.
Although the bond is distributed on the blockchain, the payments are traditional methods It was among the information given in the statement to be made. Bonds issued directly by Siemens DekaBank, DZ Bank and Union Investment reported investment. The company also provides global traditional methods of bonds distributed on the blockchain. invalidating it stated.
According to Coinecko data, the latest 30 per day 26% value winner MATIC, after Siemens’ bond issue 1.16 from dollars to 10% rising close 1.26 reached dollars. MATIC is trading at $1.24 at the time of writing.