Germany’s Central Bank Trials Blockchain Prototype For Trading In Securities
German central bank, Deutsche Bundesbank, which is also the most influential member of the European System of Central Banks ESCB due to its strength and former size, announced the unveiling of a functional prototype of a Blockchain technology-based settlement of securities. Jointly presented with Deutsche Börse, the marketplace for the trading of shares and other securities, the prototype is the first result of a collaborative research project between the two institutions that is based on a conceptual study and not market-ready. Designed to provide the technical functionality for the....
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Germany’s central bank has built a new blockchain prototype focused on securities trading. The Bundesbank developed the prototype in partnership with exchange operator Deutsche Börse, with further testing between the two sides planned over the next few months. The German central bank said today that the project constitutes the first joint initiative with Börse, describing it as “purely a conceptual study”. The prototype is said to enable the transfer of both electronic securities as well as “digital coins”, as well as functions for coupon payments and the redemption of mature securities,....
The German central bank Deutsche Bundesbank, in partnership with Deutsche Börse, has revealed a functional blockchain prototype that trades securities. The Deutsche Börse Group, a marketplace organizer for settling shares and other securities, said the platform is more efficient than traditional standards. German Central Bank Is Developing Blockchain....
For Germany’s central bank, blockchain has proven to be a promising – if not somewhat complicated – technology. In late November, the Deutsche Bundesbank announced that it was working with exchange operator Deutsche Börse on a securities trading trial, using blockchain as a means of exchanging digitized securities, while also creating a record of those transactions. At the time, the central bank described the test as "purely a conceptual study". New comments from Bundesbank executive board member Carl-Ludwig Thiele have shined a light on some of the results from that test. Thiele....
The National Settlement Depository (NSD), Russia’s sole central securities depository (CSD), has announced it has tested a blockchain-based voting system. The de-facto securities system by law, the NSD provides settlement services for government bonds, municipal bonds and corporate bonds, accounting for 99% of domestic corporate bond issues. The announcement notably follows similar action in the US markets, with the DTCC revealing it is participating in trials and tests related to the emerging technology earlier this year. According to a release, the NSD used the NXT blockchain system to....
The Bank of Russia has developed and tested on an Ethereum-based blockchain prototype called ‘Masterchain’ for financial messaging, to be used by banks in Russia. The Bank of Russia, the country’s central bank, has developed a technical prototype called ‘Masterchain’. The prototype is based on distributed ledger or blockchain technology for the Russian financial market, an announcement by the bank revealed yesterday. The blockchain platform prototype was developed for financial messaging between banks in the Russian financial system and was put to the test. The announcement added: The....