🚨🚨Btc.up $70 k Italian bank.polygon (Matic) of digital bond issuance.
Cassa Depositi e Prestiti SpA (CDP) and Intesa Sanpaolo have completed Italy’s first digital bond issuance on the Polygon (MATIC) blockchain. The €25 million bond, with a 4-month duration and a 3.633% fixed annual coupon, marks a significant milestone in capital market innovation.
This issuance is part of a European Central Bank (ECB) trial exploring blockchain for wholesale fiat money settlement.Payment for the bond was made using the Bank of Italy’s TIPS Hash Link solution, bridging blockchains and traditional payment systems. Fabio Massoli, CDP’s Director of Admin and Finance, highlighted the importance of this transaction in adopting blockchain for bond issues, establishing a new technological model within the regulatory framework.Global financial institutions are increasingly tokenizing traditional assets for operational benefits like cost-efficiency and transparency. BlackRock, the world’s largest asset manager, recently launched a digital liquidity fund. Niccolò Bardoscia of Intesa Sanpaolo emphasized that tokenization is setting a new standard for financial market efficiency, impacting all asset classes in the future.you need to remember that every buying and selling transaction is your own responsibility. keep smiling 😊 August Btc $75 k.🤣🤣
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