On July 16th the blockchain-based
ID2S Central Securities Depository (CSD) owned by Orange and Citi launched. The CSD is targeting the commercial paper market. It is processing trades from NowCP the new European commercial paper marketplace, also originated by Orange. Other participants that are live on the platform include CACEIS Bank, Crédit Agricole Corporate and Investment Bank, Orange Bank, and Natixis SA.
ID2S claims to be the first to offer real-time settlement of Money Market instruments in central bank money, via TARGET2-Securities.
“Together with NowCP as the innovative issuance and trading platform, ID2S has started the journey to deliver on our common vision to change the future of the European money markets,” said Andrea Tranquillini, CEO of ID2S.
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