German State-Owned Bank KfW Invests 10 Million Euros in Crypto Bonds

According to a report by Jinse Finance, the German state-owned bank and digital bond issuer KfW announced an investment of 10 million euros to purchase blockchain mortgage bonds Pfandbrief issued by Berlin Hyp. This bond is Germany's first "crypto security" issued under the Electronic Securities Act (eWpG) and is issued through the SWIAT blockchain platform without the need for a central securities depository (CSD). It is reported that this purchase transaction was settled over-the-counter with DekaBank acting as the market maker and custodian.