Yesterday the European Central Bank shared the list of the first institutions to participate in the wholesale DLT trials using central bank money for settlement. The participants include ten institutions, six market DLT operators and five central banks. Applications are still open for the second wave.
Last December the ECB launched its first call for participants. The trials will involve real transactions as well as mock simulations, with most of the tests focusing on securities settlement. The EuroSystem also plans to consider use cases for payment versus payment (FX) and cross border payment.
Three settlement solutions are part of the trials, provided by the central banks of Germany (Trigger solution), France (wholesale CBDC) and Italy (TIPS Hashlink). The Oesterreichische National Bank is also participating as a DLT operator, plus the Bank of Luxembourg is involved.
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