Golden Finance reported that Italy's Cassa Depositie PrestitiSpa (CDP) issued a €25 million digital bond on the Polygon public blockchain, underwritten by Intesa Sanpaolo as the sole investor. The issuance is part of the European Central Bank's (ECB) wholesale DLT settlement trial. Therefore, the payment was made in central bank currency using the Bank of Italy's TIPS Hash Link solution, which provides a connection between DLT and TARGET2 systems for wholesale payments. CDP is a development bank controlled by the Ministry of Economy and Finance. Fabio Massoli, director of administration, finance, control and sustainability at CDP, said: "This transaction represents an important step in capital market innovation by CDP by pioneering the use of blockchain technology in bond issuance."