28 June 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Deutsche Bundesbank and Deutsche Börse test blockchain tech for securities settlement

28 November 2016  |  8297 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  |  9371 views  |  0 comments | 20 tweets | 4 linkedin
R3 shakeout continues as Santander bows out

R3 shakeout continues as Santander bows out

22 November 2016  |  15162 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  |  9329 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  |  4179 views  |  0 comments | 1 tweets | 7 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.events.sap.comvisit wavestone-advisors.co.ukvisit www.response.ncr.com

Top topics

Most viewed Most shared
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
9149 views comments | 19 tweets | 37 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
8685 views comments | 10 tweets | 6 linkedin
hands typing furiouslyArtificial Intelligence- Computer to IOT
8500 views 0 | 4 tweets | 2 linkedin
hands typing furiouslyThe EU and blockchain: taking the lead?
7491 views 0 | 8 tweets | 7 linkedin
Asia still top dog for payments innovation but Europe gaining groundAsia still top dog for payments innovation...
7432 views comments | 10 tweets | 9 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job