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Last month, CoinDesk reported that KfW, the largest development bank in Germany, teamed up with Boerse Stuttgart Digital (BSD) in preparation for a digital bond issuance. Italy’s state-owned development bank Cassa Depositi e Prestiti SpA (CDP) and lender Intesa Sanpaolo also completed a bond issuance on Polygon in July. Both issuances were part of ECB trials.