Germany's NRW.BANK issues a €100 million digital bond using the Polygon blockchain, showing blockchain technology meeting financial institutions' real-world needs.
The two-year digital bond was issued on the Polygon Proof-of-Stake network and marks a significant moment for tokenized finance in Europe.
NRW.BANK's use of Polygon's efficient platform could potentially change how bonds and financial instruments are issued and traded in the future.
The move was made possible by Germany's Electronic Securities Act and involved partnerships with Cashlink Technologies and institutional investors, signaling a shift towards tokenized assets.