Lưu trữ cho từ khóa: Germany

Altcoin

Commerzbank partners with Deutsche Borse’s subsidiary for crypto offerings

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Commerzbank has teamed up with Deutsche Borse’s Crypto Finance to offer access to Bitcoin and Ethereum for corporate clients in Germany.

German lender Commerzbank has partnered with Crypto Finance, a Deutsche Börse subsidiary, to offer corporate clients crypto trading and custody services, following its 2023 acquisition of a crypto custody license.

Commerzbank will oversee the custody of crypto assets, with Crypto Finance handling trading services, according to a Sept. 19 release. Gernot Kleckner, Commerzbank’s divisional board member for capital markets, described the offering as a secure opportunity for corporate clients to “seize the opportunities presented by Bitcoin and Ethereum for the first time.”

Commerzbank’s move comes amid rising demand for regulated crypto services in Germany, where Crypto Finance has expanded after securing four licenses from Germany’s Federal Financial Supervisory Authority. This is not the first collaboration between Commerzbank and Deutsche Börse in the digital asset space.

In 2021, the two worked together on a blockchain-based marketplace for tokenizing assets like real estate and art, in partnership with fintech firm 360X. At the time, Deutsche Börse CEO Theodor Weimer said the platform would help drive the “tokenization and digitization of assets that are not tradable today.”

The German banking sector has been increasingly active in the crypto space lately. DZ Bank, Germany’s second-largest lender, is also preparing to launch a crypto trading pilot for retail customers later this year, allowing cooperative banks to offer direct digital asset trading to customers.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Công nghệ

Siemens issues €300m digital bond via blockchain for instant settlement

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Siemens has issued a €300 million digital bond, marking its second use of blockchain technology to streamline securities transactions under Germany’s electronic securities act.

German multinational technology conglomerate Siemens has launched its second digital bond, valued at €300 million on a blockchain, under Germany‘s electronic securities act in a bid to expand its expertise in the distributed ledger market.

In a Sept. 4 press release, the Munich-headquartered company said the issuance follows its debut of a €60 million digital bond in 2023, underscoring its commitment to advancing digital financial solutions.

The bond, which carries a one-year maturity, was settled through the private permissioned blockchain of SWIAT and utilized the Bundesbank’s Trigger Solution. The company says the transaction was done in a “fully automated manner, within minutes and in central bank money.”

“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.”

Ralf P. Thomas, chief financial officer of Siemens

DekaBank served as the bond registrar, with BayernLB, DZ BANK, Helaba, and LBBW participating as investors, while Deutsche Bank facilitated the central bank money settlement.

Siemens’ blockchain efforts are part of a broader strategy involving new technologies. Earlier in 2024, the company partnered with Sony to explore the metaverse, focusing on industrial applications. The collaboration aims to launch a new mixed-reality headset designed for professional designers and engineers, enhancing productivity with artificial intelligence, according to Siemens CEO Roland Busch.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitcoin

Northern Data reports 22% revenue increase in Q2 despite Bitcoin halving

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Northern Data announced that its revenue in the second quarter surged by 22%, defying expectations despite the impact of the Bitcoin halving.

European Bitcoin (BTC) mining company Northern Data has rolled out its Q2 results published today, Aug. 6, boasting a 22% increase in revenue despite the challenges posed by the Bitcoin halving. The company reported Q2 revenue of €26 million, driven by performance from its cloud platform and investments in its data center footprint as well as mining facilities.

Northern Data’s CEO Aroosh Thillainathan emphasized the company’s progress in enhancing its high performance computing capabilities and leveraging partnerships to support growing demand for HPC and generative artificial intelligence.

“We are well capitalized heading into the second half of the year, and are continuing to build sophisticated and scalable operations to support the growing demand for HPC and the generative AI boom in 2024 and beyond.”

Aroosh Thillainathan

For the first half of 2024, the Frankfurt-headquartered company achieved a total revenue of €55 million, up 49% year-on-year. The company attributed its growth to the rollout of NVIDIA H100 GPUs, which boosted the company’s cloud performance, which accounted for 46% of Northern Data’s Q2 revenue.

Northern Data’s road to IPO

In mid-July, Northern Data’s 2023 financial results report estimated sales to potentially reach €240 million this year, tripling its 2023 results as the company heavily invests in HPC solutions for artificial intelligence. Additionally, the company raised €214 million by issuing 10.7 million new shares, aimed at expanding its cloud platform and physical data centers across Europe and the U.S.

Northern Data’s increased operational activities coincide with its plans of an initial public offering for its combined artificial intelligence cloud computing and data center businesses in the U.S. next year. As crypto.news reported earlier, the IPO could potentially value the entity between $10 billion and $16 billion, with the possibility of selling a minority stake in the unit to investors prior to the listing.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News