NRW BANK has executed a pioneering financial transaction by issuing a €100 million blockchain-based bond on the Polygon network, representing one of the first major public-sector applications of distributed ledger technology in European finance. This landmark issuance operates under Germany’s Electronic Securities Act (eWpG), which legally recognizes blockchain-based securities.
The bond transaction involved collaboration with major financial institutions including Deutsche Bank, DZ BANK, and DekaBank as joint lead managers, signaling strong institutional support for blockchain adoption. By leveraging Polygon’s scalable infrastructure, NRW BANK achieved significant cost efficiencies compared to traditional methods.
This pioneering initiative demonstrates long-term viability for large-scale digital securities and accelerates blockchain transformation in Europe’s financial ecosystem. The transaction validates public-sector blockchain applications and establishes a precedent for regulated institutional deployments using Germany’s forward-looking electronic securities framework.