NRW BANK, a German bank, has made a significant move by issuing a €100 million bond using blockchain technology.
Bond Issuance and Technology
The bond was registered via Cashlink Technologies, a BaFin-licensed crypto securities registrar, and issued entirely under Germany’s Electronic Securities Act (eWpG), which allows bonds to be recorded directly on-chain without physical documentation.
Leading Banks Involved
Deutsche Bank, DZ BANK, and DekaBank acted as joint lead managers in the transaction.
Significance of Blockchain Integration
According to Cashlink CEO Michael Duttlinger, the deal reflects more than just technical progress—it shows that public institutions are beginning to scale blockchain integration beyond experimentation. The eWpG law enacted in 2021 opened the door for regulated blockchain securities in one of Europe’s most developed financial markets.
The issuance by NRW BANK represents a key milestone in the development of regulated blockchain securities in Germany, demonstrating the potential for future technological integration in the banking sector.
