Siemens Issues €300M Digital Bond, Samsung Invests in Web3 Startup Startale Labs

Two major technology companies—Siemens and Samsung—have made significant strides in the crypto sector, each advancing their involvement in different ways.

Major technology companies are continuing to advance their presence in the crypto sector, each making strides in different areas.

Siemens issues €300 million digital bond on public blockchain

German technology giant Siemens has launched its second digital bond, valued at €300 million, on a public blockchain, according to a Sept. 4 statement.

The bond, set to mature in one year, is being settled using SWIAT’s private permissioned blockchain and leverages the Bundesbank’s Trigger Solution. DekaBank is acting as the bond registrar, while BayernLB, DZ BANK, Helaba, and LBBW are participating as investors and Deutsche Bank is facilitating the settlement in central bank money.

According to Siemens, the transaction is being completed in a “fully automated manner, within minutes, and in central bank money.” It also noted that the bond is being issued under the German Electronic Securities Act, which came into effect in 2021. The law enables the issuance of securities in electronic form, eliminating the need for physical certificates.

The firm also added that its new digital bond supports the European Central Bank (ECB) tests of distributed ledger technology (DLT) for settling securities with central bank money.

The bond issuance follows Siemens’ debut of a €60 million digital bond in February 2023. Ralf P. Thomas, Chief Financial Officer of Siemens AG, stated:

“By issuing another digital bond, we are demonstrating once again our spirit of innovation and underscoring our aim to continuously drive digital solutions for the financial markets.”

Samsung invests in Web3 startup Startale Labs for Soneium Spark program

Samsung Next, the venture capital arm of South Korean tech giant Samsung, has invested an undisclosed amount in Singapore-based Startale Labs as part of the Soneium Spark program, according to a Sept. 4 blog post statement from Samsung Next investor John Yim.

Yim explained that the firm invested in Startale Labs because they provide essential tools and infrastructure—such as Astar Network, Soneium, and Startale Cloud Services—that simplify developing and deploying decentralized applications (dApps) and smart contracts.

He furthered that Startale Labs’ solutions reduce barriers like high entry costs, lack of interoperability, and technical complexity, making Web3 technologies more accessible and scalable for developers and businesses.

Sota Watanabe, Startale Labs founder, stated that his firm's strategy is “to first secure distribution channels and engage with people beyond Web3 space,” adding:

“We understand the existing problems and then explore how Web3 can address them. All technical solutions should be driven by the problems, not by the tech itself.”

Oluwapelumi Adejumo

Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.

Liam 'Akiba' Wright

Also known as "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.

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