🚀 Crypto Hot News: Italian state bank Cassa Depositi e Prestiti SpA has just completed issuing a $27.2 million digital bond with Intesa Sanpaolo via Ethereum layer-2 Polygon!
🔗 This transaction is part of a test by the European Central Bank to find new solutions for central bank money payments on blockchain.
📜 This is the first transaction since Italy enacted the FinTech law, managing the issuance and circulation of financial instruments in digital form.
💰 The $27.2 million bond will mature on November 18, 2024 with a fixed interest rate of 3.63%/year. Intesa Sanpaolo is the only investor in this test.
🛠️ Payments are made the same day via the Bank of Italy's “TIPS Hash Link” tool, allowing interaction between blockchain and traditional payment systems.
💬 Niccolò Bardoscia, head of digital asset trading at Intesa Sanpaolo, said: “Public blockchain is a powerful technology for financial institutions, making transactions faster and more secure.”
🔮 BlackRock CEO Larry Fink also supports tokenization, believing that every stock and bond will move on the blockchain in the future.
📊 Forecasts that the tokenized asset market could reach $16 trillion by 2030 (Boston Consulting Group), while McKinsey predicts $2 trillion.
💬 What do you think about the future of tokenization? Comment now! 👇
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