German state development bank NRW.BANK issues €100 million blockchain bond on Polygon chain

According to CoinDesk, the German state-owned development bank NRW.BANK has issued a blockchain bond worth 100 million euros ($116.7 million). 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 issued under the German Electronic Securities Act (eWpG) as a crypto security. The law allows bonds to exist entirely on the blockchain network without the need for physical certificates. [ChainCatcher]