$520B state-owned Italian bank trials digital bonds on Polygon

Italy's Cassa Depositi e Prestiti SpA has completed a $27.2 million digital bond issuance with Intesa Sanpaolo using Ethereum layer-2 Polygon. The transaction was part of a trial by the European Central Bank to identify new solutions for central bank money settlement of wholesale transactions on blockchains. The bond will mature over four months and offer a fixed coupon at 3.63%.