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Digital bond

Cassa Depositi e Prestiti, public sector, on Polygon since July 2024.

Italy's first digital bond under the national Fintech Decree, with Intesa Sanpaolo as sole investor and the cash leg settled in central bank money via Banca d'Italia's TIPS Hash Link. Part of the ECB's 2024 exploratory DLT trials; matured November 2024. The ECB's Annex II describes the asset leg as running on the Ethereum-based Polygon public blockchain.

In the record

25

months from first observation to the record's assessment of August 2026

8

public sector rows in the record, this one included

7

rows filed to Polygon by their sources

What it bears on

R3Do we know what this instrument is, legally, in every venue we operate?

needs design

ETH is a digital commodity in the United States and stablecoin law is in force. Market-structure legislation stalled, and jurisdictions are diverging.

This requirement in the register, with evidence

R6Who is the counterparty when there is no counterparty?

needs design

An ownerless system meeting procurement built for vendors. Six organisations can take your first call, and our own unincorporated status is part of this problem, not outside it.

This requirement in the register, with evidence

More public sector deployments in the record

The record in full