According to a report by CoinDesk on July 10, deep tide TechFlow news, the German state development bank NRW.BANK has issued a two-year blockchain bond worth 100 million euros (approximately 116.7 million US dollars) on the Polygon Blockchain for the first time under the Electronic Securities Act (eWpG). This issuance utilized the encryption securities registration infrastructure from Cashlink Technologies, which is licensed by the Federal Financial Supervisory Authority of Germany (BaFin). The bond exists entirely as an encryption security on the blockchain network without the need for physical certificates, marking an important step for German financial institutions towards the digital asset realm.