Blockchain technology in German finance continues to gain momentum and is attracting more and more players – including DekaBank. As the Frankfurt-based credit institution announced, it is now launching a new Green Bond via its blockchain-based platform SWIAT. The bond complies with the Green Bond Principles (GBP) of the International Capital Market Association (ICMA). These are guidelines that aim to help issuers finance environmentally friendly and sustainable projects, protect the environment and promote a zero-emissions economy.

According to DekaBank, the primary benefits of blockchain in this regard are increased speed and security in individual processes. Processes that would normally take one to two weeks could be completed in “seconds” using the SWIAT solution.