German state-owned bank NRW.BANK issues 100 million euro blockchain bond on Polygon

On July 10, CoinDesk reported that German state-owned development bank NRW.BANK issued a two-year blockchain bond worth €100,000,000.00 (approximately $116,700,000.00) on the Polygon blockchain for the first time under the Electronic Securities Act (eWpG). The issuance utilized the Cashlink Technologies crypto securities registration infrastructure, which is licensed by the German Federal Financial Supervisory Authority (BaFin). The bond exists entirely on the blockchain network as a crypto security, eliminating the need for physical certificates, marking a significant step by a traditional German financial institution into the digital asset space. [Deep Tide TechFlow]