Blockchain Tsunami Hits Europe 🌪️

In the grand tradition of Soviet-era five-year plans, the Germans have decided to outdo themselves in the realm of blockchain. NRW.BANK, a state-owned development bank, has issued a €100 million blockchain-based bond on the Polygon network. Because, why not? 🤷‍♂️

This two-year bond was registered under Germany’s eWpG law, which allows bonds to exist entirely on blockchain networks without a physical certificate. Ah, the joys of digital paperwork! 📝

NRW.BANK issued its first €100 million blockchain-based bond on the Polygon network.
The bond was registered under Germany’s eWpG using Cashlink’s BaFin-regulated crypto securities registry.
The move signals growing institutional acceptance of tokenized securities across European finance.

Michael Duttlinger, CEO of Cashlink, waxed poetic about the development: “This is more than a technical milestone. It’s a signal that public financial institutions are ready to move beyond blockchain pilots and start integrating these systems at scale.” 🚀

Germany’s eWpG law, introduced in 2021, has paved the way for securities to be registered on distributed ledger technology systems. Because who needs traditional capital markets when you can have blockchain? 🤔

The issuance attracted participation from institutional investors, with Deutsche Bank, DZ BANK, and DekaBank acting as joint lead managers. Because who doesn’t love a good blockchain party? 🎉

As more public issuers follow, it’s a step toward reshaping how traditional capital markets operate in the digital era. Or, you know, it could all just be a bunch of hype. 🤷‍♂️

Latest Crypto News