Germany’s central bank, The Deutsche Bundesbank, and stock exchange operator Deutsche Boerse (DE:DB1Gn) are supporting the use of blockchain technology for settlements. The decision comes after a recent successful pilot that was conducted based on Hyperledger Fabric and the blockchain platform provided by New York-based Digital Asset.

The pilot was run over a period of two years, during which the two prototypes acted as a sandbox for trialing blockchain-powered securities settlement solutions. The settlement tests revolved around the entire lifecycle of debt issuance, settlement, corporate actions, redemption, and cash transfer, with the latter incorporating the delivery of digital coins, the transaction between market participants, and settlement of ca…

This article appeared first on Cryptovest

Like this: Like Loading...