SIE27-DSecurity Token
Siemens AG Digital Bond due 2027
- Value issued
- $324M
- 0D change
- -
- Yield · Coupon
- 3.38%
- NAV
- 100.4200
- Management fees
- 0.00%
- Minimum
- $100K
- Redemption
- At maturity
- Launched
- 16 Sept 2025
Field coverage 92%Primary-source or on-chain verified 67% of tracked metrics2/2 source documents analyst-verifiedLast reconciled 17 Sept 2026
Overview
What this product is
A corporate bond issued directly onto a public network under Germany's electronic securities law, with no paper certificate and no central securities depository in the chain. The significance is structural, not financial: it removes an intermediary layer that has been mandatory in European debt issuance for decades.
- Underlying asset
- Senior unsecured obligation of the issuing corporate
- Asset class
- Corporate Bond
- Product structure
- Debt Instrument
- Legal structure
- German Electronic Securities Act Bond
- Issuer jurisdiction
European Union- Fund domicile
Germany- Base currency
- EUR
- Launched
- 16 Sept 2025
Peer set
Comparable products
Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.
Issuer
Who runs it
Siemens AGMunich, Germany
Munich, GermanyIndustrial issuer using Germany's electronic securities law to place digital bonds directly with investors, bypassing the paper certificate and central securities depository entirely. The reference case for corporate treasurers evaluating digital issuance.
Portfolio
Composition
- Senior unsecured claim on the issuing corporate100.0%
No on-chain history has been recorded for this product yet. Its value outstanding comes from issuer disclosure rather than a contract read.
AUM
$324M
Assets under management
No on-chain history recorded for this series yet.
Yield
3.38%
Yield history. Coupon
No on-chain history recorded for this series yet.
NAV
100.4200
NAV per token
No on-chain history recorded for this series yet.
Movement
Recent daily movement
No on-chain history recorded for this product yet.
Holdings
Disclosure
Underlying portfolio
| Share | ||||
|---|---|---|---|---|
| Senior unsecured claim on the issuing corporate | Corporate bonds | Sep 2027 | 100.0% |
Exposure
What you actually own
Economic exposure is to senior unsecured obligation of the issuing corporate. Weighted average maturity is 486 days, which sets how quickly the portfolio reprices as rates move.
- Corporate bonds
- 100.0%
Redemption
Terms
Contractual terms
- Redemption frequency
- At maturity
- Dealing cut-off
- Not applicable — bullet maturity
- Settlement
- Principal repaid at maturity; coupon paid annually in central bank money
- Redemption fee
- None
- Secondary venues
- Archax (regulated venue)
- Transfer restrictions
- Transfers between professional investors recorded in the crypto securities register.
These are contractual terms from the offering documents. Observed settlement performance and any discretionary accommodation by the manager are explicitly out of scope.
Assessment
Liquidity profile
Primary redemption
At maturity · Principal repaid at maturity; coupon paid annually in central bank money
Off-hours exit
Constrained to Not applicable — bullet maturity
Secondary market
Archax (regulated venue)
Transferability
Allow-listed wallets only
Exit fee
No redemption fee
Relationship graph
Operational dependency network
Every firm and system this product relies on. Select any of them to open its profile.
Every counterparty and system this product depends on to function. Each card links to that entity's own profile: the question worth asking of each is what happens to your position if it stops working.
Open in Ecosystem Graph →Issuance & legal
Who is legally on the hook for this product.Custody
Where the backing assets actually sit.Platform & data
The software and price sources the product runs on.Markets & settlement
Where it trades and how value moves between venues and chains.
Edges marked derived are inferred from a structured field on this product that carries its own source; they are not independent confirmation of it. Edges without that mark were sourced separately from a disclosure naming both parties.
Deployments
Registry
Networks and contracts
| Contract / asset id | |||
|---|---|---|---|
| Polygon PoSPrimary | public l2 | 100.0% |
Counterparties
Service providers
If any of these has a problem, this product is affected.
- Custodian
- State Street·
Boston, United States - Administrator
- State Street· Boston, United States
- Transfer agent
- Not disclosed
- Tokenization platform
- DigiShares·
Copenhagen, Denmark - Oracle / attestation
- Not disclosed
Access
Classification
Who may hold this
RetailNot eligible
AccreditedNot eligible
ProfessionalEligible
InstitutionalEligible
- Minimum investment
- $100,000
- Allow-list required
- Yes
- Transfer restrictions
- Transfers between professional investors recorded in the crypto securities register.
Geography
Where it is available
United StatesNot availableEuropean UnionAvailable
SingaporeNot available
United KingdomNot available
SwitzerlandNot available
Hong Kong SARNot available
United Arab EmiratesNot availableExplicit prohibitions
- −United States
- −US persons
- −Retail investors
Availability is limited to the jurisdictions in the coverage boundary. Absence here means not covered, not necessarily prohibited. This is a classification of the offering documents, not legal advice.
Structure
Legal and regulatory
- Legal structure
- German Electronic Securities Act Bond
- Product structure
- Debt Instrument
- Fund domicile
- Germany
- Issuer jurisdiction
- European Union
- Transfer agent
- Not disclosed
The domicile of the fund and the jurisdiction of its manager are frequently different. Both are recorded separately because they drive different questions: tax and insolvency follow the domicile, supervision follows the manager.
Source documents
Offering documentation
The documents behind the figures on this page. Anything marked verified has been checked by an analyst.
On-chain activity
Daily value outstanding
Value outstanding as read from the token contracts each day, and the movement between readings. Mints and redemptions are not separable on-chain, so this is the net of both, not gross issuance.
No on-chain history recorded for this product yet.
Related intelligence
0 events reference this product
No tracked events reference this product yet.