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German State Bank KFW Preparing $1 Billion Blockchain-Backed Bond Issue
German government-owned development bank Kredittanstalt fuer Wiederaufbau (KFW) Financial Group is preparing to issue a blockchain-based digital bond, according to Bloomberg. The bank provides development aid and financing to the housing, SME, export, import, and foreign investment sectors, similar to South Korea's Export-Import Bank and Korea Development Bank.