DekaBank, Union Investment, and 360X Set New Benchmark with DLT-Based Trade of Siemens Digital Bond

FRANKFURT AM MAIN, August 11, 2025 – 360X, in collaboration with DekaBank and Union Investment, today announced the successful secondary market transaction of Siemens' €300 million digital bond (ISIN: DE000A383UK7). The multi-million euro trade, executed on the BaFin-regulated 360X platform and settled over the SWIAT network, marks the first secondary transaction on a regulated trading venue of this landmark digital security. With a liquid secondary market for institutional DLT-based assets, another important piece for widespread adoption is now in place, securing a definitive edge for early participants.

This landmark transaction marks the creation of an efficient and compliant secondary market for digital assets, effectively bridging the gap between innovative DLT-based instruments and the operational requirements of institutional investors. Providing a regulated trading venue and flexible settlement options, 360X and its partners set a new benchmark for the digital asset ecosystem, a milestone noted by key industry players.

Thorben Lüthge, Head of Markets at DekaBank: "Achieving scalability of digital assets requires deep and liquid secondary markets. To support this, we are collaborating with regulated trading platforms such as 360X."

Christoph Hock, Head of Tokenization and Digital Assets at Union Investment: “This transaction marks a significant milestone in our partnership to develop a scalable DLT-based financial ecosystem. The tokenization of assets and the facilitation of efficient secondary market trading enable us to deliver best-in-class services to our investors.”

Carlo Kölzer, CEO of 360X: "This transaction is a testament to what we achieve when leading institutions and our trading venue work together. We are bringing capital markets to a new level, and we are proud to have facilitated this milestone with Siemens, Union Investment, and DekaBank, proving that collaboration is key to driving the future of on-chain capital markets."

Peter Rathgeb, Group Treasury at Siemens: “The inaugural secondary market trading of our tokenized bond is a key achievement for digital bonds. Enabling trading significantly enhances the appeal of our digital bond to investors, who now benefit from greater liquidity and flexibility in their portfolios. This development not only broadens the bond’s investor base but also supports the continued growth of the digital bond market."

A New Standard for Digital Asset Trading

Beyond this specific transaction, the 360X venue is engineered to remove barriers to entry and accelerate the adoption of digital assets.

Streamlined Institutional Access: As part of Deutsche Börse Group’s digital strategy, 360X provides streamlined access through the Deutsche Börse Member Section, enabling all existing customers of the Group to participate immediately. This integration removes redundant onboarding processes, making the entire value chain from pre- to post-trade seamless and compliant.

Pioneering Settlement Connectivity: The platform's strength lies in its profound settlement flexibility. 360X features native connectivity with a broad spectrum of on- and off-chain solutions, including established Central Securities Depositories (CSDs), bank-led mechanisms, and emerging Settlement Systems (SS + TSS) under the EU DLT Pilot Regime. This capability to interface with any settlement mechanism establishes a new precedent for operational efficiency and adaptability.

The Full Suite of Markets: 360X offers clients maximum flexibility through three distinct, fully regulated markets. Participants can select the ideal environment for their needs: the 360X MTF for transparent, order-driven trading; the specialized 360X DLT-MTF for native digital assets under the EU DLT Pilot Regime; and the 360X OTC desk for bilateral transactions as used for this particular trade.

Disclaimer

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or financial instruments. The statements contained herein may include forward-looking information that involves risks and uncertainties. Actual results may differ materially from those expressed or implied. 360X operates in compliance with applicable regulatory frameworks. Readers should not rely on this information as investment advice or a recommendation.

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