New DLT-based securities lending platform executes first transactions with banks
The project has been lauded by industry experts, and HQLAx founder Guido Stroemer was included in Global Custodian’s 30 to Shape the Future list.
Tag: Commerzbank
Commerzbank, Deutsche Boerse and MEAG use blockchain for settlement process
Project saw cash and securities tokens swapped for settlement using DLT, and tokenised cash used as collateral for margin requirements.
Commerzbank reshuffles custody and clearing leadership
GC Legend takes up new role at Commerzbank as part of an organisational restructure.
Utility Settlement Coin gains £50m backing and moves forward with backing of banks
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.
Deutsche Bank and Commerzbank confirm talks over potential merger
Deutsche Bank and Commerzbank both released statements over the weekend confirming that talks about being held to explore a potential merger.
Commerzbank and Deutsche Boerse successfully use DLT for repo settlement
Completion of the first repo transaction based on delivery versus payment using distributed ledger technology.
No transaction reconciliation required as Commerzbank uses blockchain for FX trade
The use of blockchain eliminates the need for transaction reconciliation, as the trade was stored as a single immutable record.