DZ Bank and KfW execute first full lifecycle crypto security under Germany’s eWpG law on Polygon, slashing bond issuance time from 5 days to just 1 hour

DZ BANK and KfW have completed a crypto-security issuance under Germany’s Electronic Securities Act (eWpG), using a public Polygon blockchain and a Smart Bond Contract to map the bond’s full lifecycle from issuance through settlement. In the banks’ account, the transaction is notable because it eliminated the need for a central securities depository, with required parties feeding data directly into the DLT-based process, and it cut the issuance timeline from the roughly five days typical for a traditional bond to about one hour.

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