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This $27.2 million bond issuance was conducted in partnership with the trillion-dollar investment bank Intesa Sanpaolo. It represents a significant step in exploring how blockchain technology can facilitate central bank money settlement.
Transformation of loyalty programs with web3 technologies.
Cassa Depositi e Prestiti SpA (CDP), an Italian state-owned bank, and Intesa Sanpaolo, Italy's largest banking group, have completed first digital bond issuance on blockchain. The issuance of the security was carried out via Polygon (MATIC) blockchain.
On Thursday, the Polygon Foundation announced the date for its upcoming MATIC to POL upgrade after reaching a community consensus. The long-awaited token migration will occur in less than two months and aims to kickstart Polygon's native token expansion.
Italy's state-owned bank CDP successfully issued a €25 million digital bond on the Polygon blockchain
Polygon, the Layer 2 blockchain, will migrate its MATIC token to POL as part of its Polygon 2.0 upgrade.
The trial was part of an initiative set up by the European Central Bank to identify how blockchains can facilitate central bank money settlement.
The first phase of the POL token upgrade will see its functions limited to Polygon PoS.
Global lenders and asset managers are increasingly exploring blockchain tech to issue and transfer traditional financial instruments, also known as tokenization of real-world assets.
Polygon Labs, the developer company behind the Ethereum scaling solution Polygon, said Wednesday that it will be upgrading its original MATIC token to its new POL token starting September 4 following community approval.
Polygon (MATIC) has announced that its highly anticipated upgrade from MATIC to POL will commence on September 4, 2024. This significant transition marks a pivotal moment for the Polygon network, aiming to enhance security, liquidity, and efficiency across its blockchain ecosystem.
TL;DR On September 4th, Polygon will officially initiate the migration of its native token MATIC to POL, solidifying POL as the primary gas and staking token. Holders of MATIC on Ethereum, Polygon's zkEVM, and centralized exchanges will need to follow specific procedures to complete the migration.
Polygon Labs (CRYPTO: MATIC), the key developer behind the Polygon Layer-2 network, has announced a significant technical upgrade scheduled for September 4, which will replace its current MATIC token with the new POL token. What Happened: This transition is part of the broader “Polygon 2.0” roadmap unveiled last year.
The expressions, which add animations to Reddit's Polygon-based Collectible Avatars NFTs, will be discontinued from August 2024.
Polygon has outlined the latest technical details before reaching the long-awaited update that will see the crypto MATIC become POL.
Polygon researchers argued that brands could use Web3 data to create more targeted products, services and marketing campaigns.
There's no deadline for tokens that aren't automatically migrated, but “the community will have the power to establish a deadline in the future.”
Ethereum layer-2 network Polygon said it would upgrade its native MATIC token to the POL token on Sept. 4, according to a July 18 statement shared with CryptoSlate.
The transition of MATIC to POL already started last year with an initial introduction of three Polygon Improvement Proposals (PIPs).
Layer 2 blockchain Polygon is set to migrate its MATIC token to POL as a part of its upgrade to Polygon 2.0.
Polygon Labs has announced the migration from MATIC to POL tokens on September 4, 2024, as part of its Polygon 2.0 roadmap, aiming to enhance its layer 2 ecosystem and expand token utility
Polygon Foundation has set the date for the much-anticipated MATIC to POL token migration. POL token will replace MATIC as the native gas and staking token for the Polygon proof of stake (PoS) network.
Polygon's token upgrade to POL on September 4 could significantly enhance network utility and security, impacting all Polygon networks. The post Polygon set to migrate MATIC to POL on September 4 appeared first on Crypto Briefing.
The upgrade is part of Polygon's 2.0 roadmap to enhance its zero-knowledge-based layer 2 chains ecosystem, aiming to expand the utility and functionality of its native token.
