The announcement comes as the exchange faced pressure by users to push back the plan, which is now set for April 2022.
Clearstream is planning to use its involvements in recent DLT projects as a steppingstone to developing its own digitised CSD.
Investment into DLT increased 20% over the year, yet the operational pressures of the COVID-19 pandemic could set back the industry.
BNY Mellon, Citi, and State Street take part in initiative designed to transform and automate the current capital markets infrastructure.
The group will collaborate on setting standards for building distributed applications, including frameworks on token definitions and contracts
The hire is the latest move by Clearstream to explore and roll out DLT and blockchain-based solutions across its businesses.
The US post-trade infrastructure has launched two new projects that will advance its digitalisation programme and further develop its adoption of new technologies.
New survey looks at the application of distributed ledger technology and gives Global Custodian readers to opportunity to benchmark against their peers. Take part by clicking here.
The clearing house has partnered with blockchain-specialist Axoni to develop the new system, and development is slated to begin in the second quarter of this year.
The Coronavirus pandemic has forced the ASX to delay the planned April 2021 implementation of its blockchain-based equities post-trade platform.