Deutsche Bundesbank and Deutsche Börse Develop Securities Settlement Solution

Deutsche Bundesbank and Deutsche Börse have jointly presented a functional prototype for the settlement of securities utilising blockchain technology. The prototype is designed to provide the technical functionality for 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, the prototype is capable of settling basic corporate actions such as coupon payments on securities and the redemption of maturing securities. The Deutsche Bundesbank and Deutsche Börse plan to develop the prototype further over the next few months, and this product will then be used to analyse the technical performance and the scalability of this kind of blockchain-based application.

 

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