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German State Bank NRW.BANK Launches First €100M Blockchain Bond on Polygon

  • 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.

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