Central securities depository Clearstream, which is part of Deutsche Börse Group, will take part in the European Central Bank (ECB’s) experiments for a digital euro, also known as wholesale central bank digital currency (CBDC). Clearstream, which manages the D7 post-trade platform, is currently the only central securities depository (CSD) participating in the ECB’s early-stage preparation trials.
In the upcoming partnership, we will experiment with implementing sections of distributed ledger technology (DLT) for trading tokenized securities in bulk. This trial will run from May through November of this year, utilizing real central bank currency for the transactions.
Clearstream’s partnership with Google Cloud to broaden the reach of its D7 digital securities system demonstrates their commitment to linking up with prominent European digital payment systems. The experiments will cover euro-based securities issues and delivery-versus-payment (DvP) transactions across diverse applications and payment structures.
Additionally, Clearstream’s participation in SWIFT’s trials of CBDCs and tokenized assets in 2022 demonstrates their forward-thinking attitude towards adopting new technologies in the financial industry.
Read More
- Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge
- AI16Z PREDICTION. AI16Z cryptocurrency
- A Palace x Nike Air Max DN8 Collab Is Rumored for 2025
- Li Haslett Chen to Leave Warner Bros. Discovery Board
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- Amy Adams’ Nightbitch Has A Scene That Was So Disgusting, Crew Members Had To Leave The Room While They Filmed It
- The Best Fashion Audiobooks on Audible for Aspiring Stylists, Hypebeasts and Everyone In Between
- US States charges ahead to adopt Bitcoin Reserve Legislation
- When Dharmendra said Sunny Deol and Bobby Deol didn’t have affairs with heroines and were ‘innocent’, recalls Gadar 2 director Anil Sharma
- Bleach: Brave Souls has released a New Year’s update with refreshed versions of popular characters
2024-04-09 01:25