NRW.BANK, a prominent German state development bank, has successfully launched a blockchain bond valued at 100 million euros (approximately 116.7 million USD). This innovative two-year financial instrument was executed on the Polygon blockchain, leveraging the advanced infrastructure provided by Cashlink Technologies, a BaFin-licensed crypto securities registrar. This issuance represents a pioneering step under Germany’s Electronic Securities Act (eWpG), enabling bonds to be fully digitized and recorded on a blockchain without the need for traditional physical certificates. The move underscores the growing institutional adoption of blockchain technology in regulated financial markets, enhancing transparency, efficiency, and security in bond issuance processes.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024