Deutsche Bundesbank, Germany’s central bank, and Deutsche Börse, owner of the Frankfurt Stock Exchange, have completed a blockchain trial investigating the technology’s potential in securities settlement.

The two announced in a joint press release on Thursday that two blockchain prototypes built to their specifications had “successfully” supported the settlement of securities transactions, payments (including interest) and bond repayments at maturity.

The project got started in March 2016, when both parties launched BLOCKBASTER (for blockchain-based settlement technology research) project – aimed to create “a conceptual prototype” for blockchain-based system to transfer and settle securities and fiat currency.

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