Today,
Deutsche Börse, Swisscom and three banking partners completed a blockchain proof of concept (PoC) to settle securities transactions using both tokenized shares and cash. The goal of the PoC was to show the potential for the instant settlement of securities transaction for shares of small and medium enterprises (SMEs).
For the PoC, the share register of a Swiss company was digitalized by the Swisscom start-up daura, and the shares were then tokenized. To enable instant settlement, tokenized cash was used.
Deutsche Börse provided the cash tokens in Swiss Francs through its subsidiary Eurex Clearing. Physical cash was deposited as collateral by Eurex Clearing at the Swiss National Bank.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
