On Thursday, Italy’s state-owned development bank Cassa Depositi e Prestiti SpA (CDP) and the country’s largest lender, Intesa Sanpaolo, completed a groundbreaking digital bond issuance using blockchain technology. This marks the first transaction under Italy’s new digital asset regulations. The €25 million bond, with a four-month maturity, was issued by CDP on the Ethereum-based Polygon (MATIC) network, with Intesa Sanpaolo acting as the underwriter and sole investor. The cash flow was settled in euros on the same day using the Bank of Italy’s “TIPS Hash Link” tool, which enables interoperability between blockchains and traditional payment systems. This issuance is part of the European Central Bank’s (ECB) initiative to explore wholesale fiat money settlement on blockchains.
Disclaimer
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
