TechFlow news: Italy's state-owned bank Cassa Depositi e Prestiti SpA has issued a $27 million digital bond on the Ethereum L2 network Polygon, in collaboration with Intesa Sanpaolo. The move is part of a European Central Bank pilot project exploring blockchain-based settlement for wholesale transactions.
The bond will mature on November 18, 2024, with an annual interest rate of 3.63%. This transaction demonstrates the potential of public blockchains in financial institutions.




