Today German stock exchange Deutsche Börse announced plans to launch its digital post-trade platform D7 in November. The phased rollout starts with a new digital central registry for securities. By mid-2022, it plans to support digital same-day securities issuance. A third phase involves integrating with blockchain platforms and enabling delivery versus payment.
The launch follows recent changes in German law (eWpG), creating the concept of an electronic security that does not require a conventional stock certificate. The goal of the DLT-ready platform is to provide straight-through processing.
“With D7, we’re providing the financial community with a next generation digital securities post-trade platform to unlock the potential of truly digital and decentralised finance,” said Stephan Leithner, member of the Executive Board of Deutsche Börse.
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