Tag: bond

Daimler’s €100 Million Ethereum Bond Is Bigger Than Mercedes-Benz

When the manufacturing company behind Mercedes-Benz issued its first blockchain bond last month, it did something that impacts much more than just a single automobile brand. As revealed to CoinDesk, the €100m bond, issued on a private version of the ethereum blockchainsignals the first step in a much larger plan by Daimler AG to explore the technology. But it's the type of bond – called a Schuldschein – that gives the project a truly global scale. Since the financial crisis of 2008, this German version of a private placement has seen an explosion of use around the world, now totaling more than €20bn annually. But while Daimler itself says…

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