Hi Artzi,
Beautiful Piso!
I think your call to post this here is well placed, as I do believe this blade is indeed European, and likely one of the many trade blades and blades of this type which were exported from Solingen in the late 17th into the 18th c.
This blade type is most often seen on the kaskaras of North Africa, particularly those found in the Darfur province of western Sudan.
I'll have to check references for more, but these blades certainly went other directions in the well established trade routes, and this is intriguing to see one on a Piso.
All the best,
Jim
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