The German state development bank NRW.BANK issues 100 million euros in blockchain bonds on the Polygon chain

ChainCatcher news, according to CoinDesk, the German state development bank NRW.BANK has issued blockchain bonds worth 100 million euros (116.7 million dollars). This two-year bond is issued on the Polygon blockchain and registered using the infrastructure of Cashlink Technologies, a crypto securities registration agency licensed by the German Federal Financial Supervisory Authority (BaFin). This is the first time NRW.BANK has issued fully digital bonds as crypto securities under the German Electronic Securities Act (eWpG). The law allows bonds to exist entirely on the blockchain network without the need for physical certificates.