A Landmark Moment for Blockchain in Capital Markets
On September 4, 2024, Siemens AG issued a €330 million tokenised bond using blockchain infrastructure, working alongside major German banks including Deutsche Bank, DZ Bank, and LBBW. The bond was fully settled in central bank money via a private blockchain network developed by SWIAT, marking a major advancement in institutional grade blockchain adoption.
Softstack is proud to have been selected as the smart contract auditor for this milestone tokenisation project.
Audited by Softstack: Enabling Institutional Trust
As the lead smart contract audit provider for this bond issuance, Softstack was responsible for auditing the contract layer of the tokenised bond. This included verifying the logic behind issuance, lifecycle events, investor access control, and settlement triggers.
Our audit process ensured that the tokenised bond structure aligned with the legal and technical requirements of Siemens AG and its financial partners, providing the security and reliability expected in high value institutional blockchain transactions.
This was not a prototype or experiment. It was a live €330 million financial instrument, backed by some of Europe’s most respected institutions, operating on blockchain rails. Siemens AG selected Softstack for this role because of our proven expertise, institutional trust record, and zero exploit audit history.
Why This Matters
This Siemens AG digital bond is more than just another blockchain use case. It is a validation of blockchain’s place in the core infrastructure of financial markets. A regulated, compliant, on chain instrument issued by Siemens AG, settled via central bank infrastructure, and audited by Softstack signals a shift from theory to production.
It also proves that blockchain can meet the stringent standards of institutional finance. For Softstack, this reinforces our commitment to delivering enterprise grade blockchain security services that meet both technical and regulatory expectations.
Softstack: The Institutional Blockchain Partner
At Softstack, we specialise in securing smart contracts and blockchain infrastructure for some of the world’s most advanced Web3 and enterprise teams. From DeFi protocols to tokenised securities like the Siemens AG bond, our audit approach blends deep technical review with regulatory context and institutional grade readiness.
With over 1,500 audits completed and a zero exploit record, Softstack is the trusted security partner for projects where failure is not an option.
Conclusion
The issuance of this €330 million tokenised bond by Siemens AG is a clear signal that blockchain has matured into infrastructure for the world’s largest companies. Softstack is proud to have contributed to this historic milestone by auditing the smart contracts powering this financial instrument.
As tokenised securities gain adoption, Softstack stands ready to support the next wave of institutional blockchain adoption with audits, infrastructure security, and compliance ready smart contract solutions.
Launch with confidence. Launch with Softstack.
Partner with Softstack
Softstack is a German Web3 development and auditing firm with over 1,200 zero exploit audits since 2017. We deliver transparent, hands-on support from scoping through verification. Whether you are a seed stage startup or an enterprise protocol, we help you launch with confidence.
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Frequently Asked Questions
1. What is a smart contract audit?
2. How is an audit performed?
Auditors use both automated tools and manual review to analyze the code. They then provide a report with issues, risk levels, and recommendations.
3. Why does manual review matter?
Automated tools miss complex issues like business logic flaws. Manual review helps catch deeper bugs that could lead to major exploits.
