BayernLB Settles €100M Tokenized Commercial Paper via Pontes

BayernLB announced on October 27 that it had issued €100 million of tokenized commercial paper and settled the transaction on the same day through the Eurosystem’s Pontes infrastructure. Siemens was the investor. BayernLB said issuance, blockchain-based register maintenance and payment were completed within minutes.

The security transfer ran on SWIAT’s private permissioned blockchain, with SWIAT also acting as the crypto-securities registrar. Payment settled in central bank money through Pontes. SWIAT’s External Asset Synchronizer connected the two systems so that the securities and cash legs could be transferred together.

DekaBank acted as custodian and payment service provider, while Deutsche Bank provided payment services for Siemens. BayernLB described this as its first live use of Pontes and the first same-day Pontes transaction from the German market. The roles differ from a 2024 Eurosystem trial, when Siemens issued a digital bond and BayernLB participated as an investor. In the new transaction, BayernLB was the issuer and Siemens supplied the investment capital.

Sources

• BayernLB — first same-day Pontes transaction

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