The digitalization is changing market conditions with unprecedented speed. Anyone who is not able to constantly develop and offer new solutions will soon be left behind. However, many technical innovations require resources that individual savings banks cannot afford. This is where LBBW comes in as a partner and innovation driver within the Sparkassen-Finanzgruppe.
“We like to test this new approach because we want to make our refinancing more efficient and even more attractive for investors with the help of modern technology. We are therefore following this development with great attention,” says Frank Czichowski, Head of Financial Markets and Treasurer at KfW.
KfW was the first financial institution to successfully test the new digital marketplace DEBTVISION for refinancing. The development bank concluded a Schuldschein loan with a term of ten years and a volume of EUR 50 million with LBBW, the lender being Wüstenrot Bausparkasse.
DEBTVISION successfully implements first EUR 58 million Schuldschein transaction with exclusive marketing on the digital marketplace with borrower BayWa AG and a double-digit number of investors.
Landesbank Baden-Württemberg (LBBW) and the Stuttgart Stock Exchange have jointly founded Debtvision. The aim is to create a platform through which companies can independently market their Schuldschein issues.
Landesbank Baden-Württemberg and the Börse Stuttgart have founded a digital platform for Schuldscheine. The joint subsidiary DEBTVISION will bring companies together with institutional investors and automate the marketing of Schuldscheine.
The selection of digital Schuldschein platforms is growing: LBBW and the Stuttgart Stock Exchange have created a digital platform for Schuldscheine. The trading and services group BayWa markets a Schuldschein exclusively via this platform.
LBBW and the Stuttgart Stock Exchange have founded a digital marketplace for Schuldscheine under the Debtvision brand. Following the successful settlement of Schuldscheine using blockchain technology, LBBW is now taking a further step toward the complete digitization of the Schuldschein process.