German real estate group issues $24M bond using Stellar blockchain

Cointelegraph

Published Jan 14, 2021 05:37AM ET

Updated Jan 14, 2021 07:20AM ET

Vonovia, a major European real estate group, has issued a 20 million euro ($24 million) bond using the Stellar blockchain.

According to a Jan. 13 announcement, Vonovia has deployed the Stellar blockchain to issue security tokens for the transfer of real estate rights. The tokens were issued through an online marketplace called firstwire. Vonovia said that the blockchain-powered bond has a total term of three years.

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