πŸ“’ Siemens executes first Digital Guarantee Transaction

πŸš€ The market shift towards Digital Guarantees πŸš€
πŸ“° https://lnkd.in/extRKPC4

We at DVS are proud to partner with Siemens in their groundbreaking step towards paperless trade. In collaboration with Bayerische Landesbank and thyssenkrupp, Siemens requested and had their first ever end-to-end digital guarantee issued through Guarantee Vault.

Digital guarantees issued and stored on Guarantee Vault are 100% legally binding, safe and secure.

As the market acceptance for digital guarantee shifts, we enter a new and exciting growth phase in our journey! We look forward to working with our network of corporates, financial institutions and partners including Clearstream β”‚ Deutsche BΓΆrse in realizing our vision to become the pan-European market infrastructure for digital guarantees.

Special thanks to Gerhard Heubeck, Siemens, Dieter Herzberg, thyssenkrupp, Matthias Γ–ffner, Bayerische Landesbank and to our trusted partners like #AllianzTrade #Atradius #BNP #BKS #BTV #Commerzbank #Coface #CreditAgricole #DeutscheBank #ErsteBank #HSBC #ING #LBBW #NordLB #Oberbank #RBI #Santander #SEB #SocieteGenerale #SwissRE #TokyoMarine (and several more…)