Project saw cash and securities tokens swapped for settlement using DLT, and tokenised cash used as collateral for margin requirements.
Tag: Deutsche Boerse
The newly formed Eurex Securities Transactions Services, a subsidiary company of Deutsche Boerse, will offer the buy-in agent service.
Raid on Clearstream offices relate to the Cum-Ex scandal investigations.
Incoming regulation requires a third-party buy-in agent in cases of settlement fail.
Clearstream expects the closure of the business will take place over a 18-month period.
A trial project using blockchain to transfer and settle securities and cash proved costly and less speedy than the traditional way, the Bundesbank president said.
Blockchain start-ups are now facing serious assaults from established market infrastructures and custodians that are developing their own solutions.
German exchange group enters the digital asset world with plans for issuance, custody, access to liquidity, and banking services.
Completion of the first repo transaction based on delivery versus payment using distributed ledger technology.