The transaction had a volume of €100,000 and a term of three days.
Continental was the issuer of the money market security, a euro-denominated electronic commercial paper, according to legal requirements stipulated in the Luxembourg law.
The bank provided R3’s Corda-based blockchain platform through its research and development unit, Main Incubator, and acted as a service partner.
Siemens subscribed to the money market security as an investor, and corporate law firm GSK Stockmann provided legal advice on the transaction.
