23 March 2017
visit nextgenbanking.co.uk

Deutsche Bundesbank and Deutsche Börse test blockchain tech for securities settlement

28 November 2016  |  7781 views  |  0 deutsche boerse

Germany's central bank has teamed up with exchange operator Deutsche Börse to develop a functional prototype for blockchain technology-based settlement of securities.

The prototype enables the settlement of securities in delivery-versus-payment mode for centrally-issued digital coins, as well as the pure transfer of either digital coins or digital securities alone.

In addition, it is capable of settling basic corporate actions such as coupon payments on securities and the redemption of maturing securities.

The pair stress that their prototype is "far from market-ready" but say that they now plan to work on it over the next few months to test its technical performance and scalability.

Carsten Kengeter, CEO Deutsche Börse, says: "We will continue to do our utmost to leverage blockchain's efficiency potential and to better understand and minimise the associated risks of this technology."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SOFE Berlin: Van der Kleij plots blockchain startup network

SOFE Berlin: Van der Kleij plots blockchain startup network

25 November 2016  |  8856 views  |  0 comments | 20 tweets | 4 linkedin
R3 shakeout continues as Santander bows out

R3 shakeout continues as Santander bows out

22 November 2016  |  14549 views  |  0 comments | 20 tweets | 14 linkedin
Sydney Stock Exchange completes first phase of blockchain-based settlement project

Sydney Stock Exchange completes first phase of blockchain-based settlement project

06 October 2016  |  8815 views  |  0 comments | 8 tweets | 9 linkedin
Europe opens in-depth probe into LSE/Deutsche Bourse tie-up

Europe opens in-depth probe into LSE/Deutsche Bourse tie-up

28 September 2016  |  3865 views  |  0 comments | 1 tweets | 7 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comParticipate in the surveyvisit abe-eba.eu

Who is commenting?

Top topics

Most viewed Most shared
Bank of England sets up fintech Community; runs blockchain and AI trialsBank of England sets up fintech Community;...
16567 views comments | 33 tweets | 26 linkedin
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
13457 views comments | 15 tweets | 33 linkedin
hands typing furiouslyMachine Learning: Lessons for Banks From S...
10244 views 0 | 12 tweets | 11 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
7782 views comments | 23 tweets | 36 linkedin
satellite26 Japanese banks register for Exchange-ru...
7559 views comments | 2 tweets | 1 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job