According to online reports, German state-owned bank and digital bond issuer KfW announced an investment of 10 million euros to purchase Pfandbrief, a blockchain-backed bond issued by Berlin Hyp. The bond is the first "encrypted security" issued in Germany under the Electronic Securities Law (eWpG). It is issued through the SWIAT blockchain platform without the need for a Central Securities Custody (CSD). It is reported that this purchase transaction is handled by DekaBank as the market maker and custodian, and settlement is completed through over-the-counter transactions.