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Italy's largest lender, Intesa Sanpaolo, and state-owned bank, Cassa Depositi e Prestiti SpA (CDP), have completed a landmark digital bond issuance worth $27.2 million using the Polygon network. This issuance is part of a broader European Central Bank (ECB) blockchain initiative. The move is a significant milestone under Italy's new FinTech decree, aimed at integrating blockchain technology for central bank money settlements. The issuance is part of a $520 million initiative, with CDP issuing a €25 million bond. This reflects Italy's growing embrace of digital finance and blockchain technology.
So many RWA’s launching on Polygon organically is very encouraging. Polygon POS is already second only to Ethereum mainnet in terms of the RWA value created. Italy's Top Banks Participate in 25M Euro Digital Bond Issuance on Polygon in ECB Trial. CDP has issued a €25 million…
🚨 ITALIAN BANK EXPLORES DIGITAL BONDS WITH POLYGON Italian bank Cassa Depositi e Prestiti SpA's $27.2M digital bond issuance on Polygon marks a key milestone under Italy's FinTech decree. Intesa Sanpaolo led the trial, integrating blockchain for central bank money settlements.… https://t.co/1PXdt7uzRf
ITALY GOES CRYPTO: BIG MOVES WITH POLYGON BONDS! Italian bank Cassa Depositi e Prestiti SpA dropped $27.2M in digital bonds on Polygon, flexing Italy's new FinTech law. Intesa Sanpaolo runs the show, using blockchain to smooth out central bank money settlements. This move… https://t.co/sI6jr5pCTw
