Tag: Deutsche Boerse
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.
Six banks have confirmed they have started the onboarding process and will join the platform at launch date, expected to be in the first half of 2019.
The investment expands the partnership with HQLAx established in March this year, with the aim of building a blockchain-based solution for securities lending transactions.
Jeffery Tessler, the former Clearstream CEO who has been a part of the executive board since 2004, will step down in July.
Deutsche Boerese and FinTech firm HQLAX will jointly use R3's blockchain technology for the securities lending platform.
Theodor Weimer, the current CEO at HypoVereinsbank UniCredit Bank, will take over as CEO of the exchange group next year.