Today the Boerse Stuttgart Group confirmed the completion of a series of tokenized securities settlement tests as part of the ECB wholesale DLT settlement trials. Six banks were involved with the tests, including Commerzbank, Deutsche Bank, DZ Bank, LBBW, Bankhaus Metzler and V-Bank.
Boerse Stuttgart has a blockchain-based settlement platform to which the banks connected, and in turn the platform was linked to the Deutsche Bundesbank’s trigger solution. This initiates payments on the Target 2 real time gross settlement (RTGS) system. However, these were simulated experiments rather than involving real cash.
Five different tokenized securities were tested, including bonds, funds and a share.
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