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Clearstream, DekaBank and DZ Bank have jointly issued two tokenised €5-million bonds using distributed-ledger technology (DLT). The issuances took place in the context of the ECB trials aimed at exploring the potential of DLT for settling wholesale transactions in central bank money.
The processes entirely run on Deutsche Börse’s D7 DLT. This includes both the transaction of the security itself and the transfer of funds using digital central bank money – from issuance via distribution and settlement to full lifecycle management.
DekaBank acted as issuer, DZ Bank as investor – with swapped roles in the second case. Clearstream acted as DLT Market Operator, providing the technical infrastructure with its digital securities platform D7 developed in...
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