Today Deutsche Börse’s post trade arm Clearstream announced that its D7 digital securities platform has surpassed €10 billion ($11bn) in issuances. We believe the figure is comfortably more than €11 billion.
So far D7 has been used mainly for two types of issuances, large digital bonds and structured products.
State owned KfW has launched two large digital bonds. In June it issued a €4 billion three-year bond issuance, which was expanded to €5 billion in September. Today Clearstream reported there’s another KfW bond this month of €3 billion over seven years. So that’s €8 billion in just two issuances. In 2022 KfW also issued the very first D7 digital bond for €20 million.
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