Siemens and Samsung: Technology giants’ strategic layout and investment trends in the Web3 field
source:cryptoslate
Compile:Blockchainknight
Recently, two large technology companies, Siemens and Samsung, have made significant progress in the field of Crypto assets.
According to a statement on September 4,Xiaobai NavigationGerman technology giant SiemensBlockchainSecond digital bond issued on CoinMarketCap worth 300 million euros.
The bond will mature in one year and is licensed under SWIAT's privateBlockchainSettlement and use of the Trigger Solution of the German Federal Bank.
Dekabank acted as bond registrar, and Bayern Bank, Deutsche Bank, Helaba and LBBW participated in the transaction as investors. Deutsche Bank facilitated the settlement in central bank money.
Siemens said,The transaction was completed in "central bank money in a fully automated manner within minutes.". It added that the bonds were issued in accordance with the German Electronic Securities Act, which came into effect in 2021.
The law allows securities to be issued in electronic form without the need for physical certificates.
Meanwhile, the company noted that its new digital bond also supports the European Central Bank’s (ECB) testing of distributed ledger technology (DLT) for settling securities in central bank money.
Prior to this bond issuance, Siemens had issued its first digital bond of 60 million euros in February 2023.
Ralf P. Thomas, Chief Financial Officer of Siemens AG, said: “With the issuance of another digital bond, we are once again demonstrating our innovative spirit and underlining our goal to continuously drive forward digital solutions in the financial markets.”
Meanwhile, Samsung Next investor John Yim published a statement on his blog on September 4th saying,As part of the Soneium Spark program, Samsung's venture capital arm Next will invest an undisclosed amount in Startale Labs.
Yim explained that the company invested in Startale Labs because they provide important tools and infrastructure, such as Astar Network, Soneium, and Startale Cloud Services, which can simplify the development of decentralized applications (dApps) and smartcontractdevelopment and deployment.
Yim also pointed out thatStartale Labs’ solutions reduce barriers such as high entry costs, lack of interoperability and technical complexity, making Web3 technologies more accessible to developers and businesses and improving their scalability.
Sota Watanabe, founder of Startale Labs, said the company’s strategy is to “first secure distribution channels and reach out to people outside the Web3 space.”
“We aim to understand existing problems and then explore how Web3 can solve them. All technical solutions should be driven by the problem, not by the technology itself.”
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