DGAP-News

Vonovia SE: Vonovia Issues First Fully Digital Note via Online Marketplace firstwire - Seite 2

On the investor side, the tokens offer new perspectives for the banks and their customers. "Tokenization will significantly expand and structurally change the range of financial products and services," says Joachim Olearius, spokesperson for the partners of the owner-operated M.M. Warburg bank. "We are pleased to have successfully conducted this transaction with an experienced issuer. This underlines the innovative power of our bank."

Michael Dreiner, CEO and founder of the online marketplace firstwire, values the transaction as a milestone because, it introduces the use of tokens to the institutional capital market and has the potential to change bond markets considerably. "In light of the planned legislation of electronic securities, this transaction demonstrates how bond issuances can be conducted in the future. On firstwire, companies can now conclude their transactions digitally and in real time, meaning instant settlement and no multi-day settlement risk anymore." firstwire carried out the technological implementation with its partner Bitbond.


About firstwire

firstwire is the web-based marketplace for debt financing. The Cologne-based FinTech company provides the international private-placement market with an independent platform that brings large mid-sized companies and corporations together with banks and institutional investors of all kinds under the slogan "Your market. Your community." Find out more at https://firstwire.market/de/.
Press contact: [e-mail]
 

About Vonovia

Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 415,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 73,000 apartments. Its portfolio is worth approximately € 55.7 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Accordingly, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.