360X completes transaction of Siemens' digital bond
12 August 2025 Germany
Image: Oleksandr/stock.adobe.com
360X, in collaboration with DekaBank and Union Investment, has announced the completion of a transaction of Siemens' €300 million digital bond in the secondary market.
The trade, executed on the BaFin-regulated 360X platform and settled over the Secure Worldwide Interbank Asset Transfer network, marks the first secondary market transaction on a regulated trading venue of this digital security, according to the firm.
360X also says that this transaction marks the creation of a secondary market for digital assets, bridging the gap between innovative DLT-based instruments and the operational requirements of institutional investors.
Thorben Lüthge, head of markets at DekaBank, says: "Achieving scalability of digital assets requires deep and liquid secondary markets. To support this, we are collaborating with regulated trading platforms such as 360X."
Christoph Hock, head of tokenisation and digital assets at Union Investment, adds: "This transaction marks a significant milestone in our partnership to develop a scalable DLT-based financial ecosystem. The tokenisation of assets and the facilitation of efficient secondary market trading enable us to deliver best-in-class services to our investors."
Carlo Kölzer, CEO of 360X, comments: "This transaction is a testament to what we achieve when leading institutions and our trading venue work together. We are bringing capital markets to a new level, and we are proud to have facilitated this milestone with Siemens, Union Investment, and DekaBank, proving that collaboration is key to driving the future of on-chain capital markets."
The trade, executed on the BaFin-regulated 360X platform and settled over the Secure Worldwide Interbank Asset Transfer network, marks the first secondary market transaction on a regulated trading venue of this digital security, according to the firm.
360X also says that this transaction marks the creation of a secondary market for digital assets, bridging the gap between innovative DLT-based instruments and the operational requirements of institutional investors.
Thorben Lüthge, head of markets at DekaBank, says: "Achieving scalability of digital assets requires deep and liquid secondary markets. To support this, we are collaborating with regulated trading platforms such as 360X."
Christoph Hock, head of tokenisation and digital assets at Union Investment, adds: "This transaction marks a significant milestone in our partnership to develop a scalable DLT-based financial ecosystem. The tokenisation of assets and the facilitation of efficient secondary market trading enable us to deliver best-in-class services to our investors."
Carlo Kölzer, CEO of 360X, comments: "This transaction is a testament to what we achieve when leading institutions and our trading venue work together. We are bringing capital markets to a new level, and we are proud to have facilitated this milestone with Siemens, Union Investment, and DekaBank, proving that collaboration is key to driving the future of on-chain capital markets."
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