Italian state-owned bank 🇮🇹 Cassa Depositi e Prestiti SpA just completed a $27.2 million bond token issuance with investment bank Intesa Sanpaolo using Ethereum layer-2 Polygon.

This transaction is part of a test conducted by the European Central Bank to identify new solutions for central bank settlement of wholesale transactions carried out on the blockchain.

Niccolò Bardoscia, head of digital asset trading and investment at Intesa Sanpaolo, said: “This transaction shows that public blockchains are a powerful technology for financial institutions, enabling transactions faster and safer.”