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Security Token Market

Cassa Depositi e Prestiti SpA (CDP) - 25M EUR Token

CDP25M

Cassa Depositi e Prestiti SpA (CDP) - 25M EUR logo

The Raise Total

$27,220,000

Price Per Token

-

Raise Start

July 18, 2024

Minimum Investment

$0

https://www.cdp.it/sitointernet/it/homepage.page

The issue, which took place via distributed ledger technology (DLT), is the first to be made in Italy pursuant to the “FinTech” decree-law, which governs the issue and circulation of certain financial instruments in digital form. The transaction took place within the context of the participation of CDP and Intesa Sanpaolo in the trial launched by the European Central Bank (ECB) to identify new solutions for central bank money settlement of wholesale transactions for transactions carried out on DLT. CDP's project was in fact selected by the Bank of Italy and the ECB as part of the "Exploratory work on new technologies for wholesale central bank money settlement” initiative.
Financial Services Closed Fixed Income International Accredited

Terms

Fundraise Information

Total Raise $27,220,000 USD
Soft Cap $0 USD
Raise Status Closed
Minimum Investment $0 USD
Accepted Investors International Accredited
Exemptions N/A
Instrument Bond
Token Issuance Info Institutional Transaction

Token Information

Price Per (CDP25M) -
Token Issuance Platform BlockInvest
Secondary Marketplace Bank of Italy TIPS Hash Link
Blockchains Available On Polygon
Security Type Fixed Income
Asset Class Debt
Ratings
Fitch: F-2
S&P: A-2
Scope: A-2
Token Rights 3.633%

About

Overview

The issue, which took place via distributed ledger technology (DLT), is the first to be made in Italy pursuant to the “FinTech” decree-law, which governs the issue and circulation of certain financial instruments in digital form. The transaction took place within the context of the participation of CDP and Intesa Sanpaolo in the trial launched by the European Central Bank (ECB) to identify new solutions for central bank money settlement of wholesale transactions for transactions carried out on DLT.

Issuer(s): Cassa Depositi e Prestiti SpA (CDP)
Date: 7/18/2024
Country/Jurisdiction: Italy
Size (Native Currency): 25M Euros
Size (USD): $27.22M
Length: 4 Months
Interest Rate: 3.633%
Ratings: A-2 by S&P, F-2 by Fitch and S-2 by Scope

CDP's project was in fact selected by the Bank of Italy and the ECB as part of the "Exploratory work on new technologies for wholesale central bank money settlement” initiative.


Highlights

This listing is for informational purposes only, highlighting the issuance information. Trading data is currently unavailable

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The Polygon Labs-minted bond is now redeemed as of 11/18/2024, including repayment and principal using TIPS Hash Link. BlockInvest provided the technological infrastructure, including the tokenization platform and smart contracts for bond issuance, DVP management, and integration with the TARGET payment system.