German State Bank Issues €100M Bond on Polygon – Is TradFi Finally Embracing Crypto?
2025-07-11 03:16:07
Main Idea
NRW.BANK, a German state-owned development bank, has issued a €100 million blockchain-based bond on the Polygon network, signaling significant public-sector adoption of digital securities.
Key Points
1. The bond, with a two-year maturity, was issued under Germany’s Electronic Securities Act (eWpG) and involved institutional investors like Deutsche Bank, DZ BANK, and DekaBank.
2. Germany’s eWpG law, introduced in 2021, provides a clear legal framework for digital securities, facilitating such blockchain-based financial instruments.
3. Polygon is undergoing a major technical upgrade with Heimdall 2.0, aiming to reduce finality time to five seconds and enhance network resilience.
4. Germany is emerging as a hub for regulated blockchain finance, with recent digital bond issuances by institutions like DZ BANK, DekaBank, Commerzbank, KfW, and Siemens.
5. Polygon remains a key player in tokenization, ranking 6th in total RWA value with over $343 million in assets and capturing 37.7% of the tokenized bond market.
Description
NRW.BANK, a German state-owned development bank, has issued a €100 million ($116.7 million) blockchain-based bond on the Polygon network, marking a major public-sector step into digital securities. The bond, with a two-year maturity, was issued under Germany’s Electronic Securities Act (eWpG). This legislation enables the issuance and registration of bonds entirely on blockchain networks, eliminating the need for physical certificates. Cashlink Registers Regulated Bond on Polygon as eWpG Law Fue...
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