German state-owned development bank NRW.BANK issues €100,000,000 blockchain bond on Polygon

According to CoinDesk, German state-owned development bank NRW.BANK has issued a blockchain bond worth €100 million ($116.7 million USD). The two-year bond was issued on the Polygon blockchain and registered using the infrastructure of Cashlink Technologies, a crypto securities registry licensed by the German Federal Financial Supervisory Authority (BaFin). This is NRW.BANK's first fully digital bond issuance under the German Electronic Securities Act (eWpG) as a crypto security. The law allows bonds to exist entirely on a blockchain network without the need for physical certificates. [Foresight News]