Montis, the central securities depository (CSD) and a subsidiary of digital asset exchange Archax, is expanding its offering. Nine months ago it partnered with Delta Capita to develop distributed ledger based CSD. That work is now complete, and the two companies are expanding their collaboration.
Two of the new pieces of work are to enable delivery versus payment to settle digital securities transactions with deposit tokens and wholesale CBDC. Additionally, it wants to optimize settlement in the EU and support European-listed warrants.
In the UK, tokenized deposits had initial trials as part of the Regulated Liability Network. Those tests are moving into a second phase. And in Europe, testing will soon start for wholesale CBDC and other DLT settlement solutions.
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