Blockchain for Banking News

EU wholesale DLT settlement trials start

euro wholesale DLT trials

Yesterday, the Oesterreichische Nationalbank participated in the first trial of wholesale DLT settlement transactions as part of the Eurosystem experiments. As reported last month, 16 institutions were onboarded to participate in the first wave of DLT trials, which use real central bank money. In addition, there are experiments involving simulations.

The Oesterreichische Nationalbank example was a simulation involving the tokenization and simulated settlement of government bonds against central bank money – a delivery versus payment (DvP) transaction.

The ECB says upcoming trials and experiments will include

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