According to Foresight News, Kredittanstalt fuer Wiederaufbau (KfW), a state-owned development bank in Germany, is preparing to issue its first blockchain-based digital bonds in the form of crypto securities. KfW has already issued its first digital bond, eWpG, in accordance with the German Electronic Securities Act and is set to take the next step by issuing blockchain-based bonds.
During the preparation phase, which will last a few weeks, KfW will engage in discussions with European institutional investors. This will allow investors to familiarize themselves with the transaction, which is expected to be completed by the summer. An informed source revealed that the bond is expected to mature in December 2025, with a minimum scale of 100 million euros ($108 million).
DZ Bank, Deutsche Bank, LBBW, and Bankhaus Metzler will serve as joint bookrunners. Frankfurt-based fintech company Cashlink Technologies GmbH will act as the cryptocurrency securities registrar.