Deutsche Bundesbank Cites Progress With Blockchain-Based Settlement
Deutsche Bundesbank has made progress developing a blockchain-based settlement infrastructure, but the system is not yet market ready. Carl-Ludwig Thiele, a member of the Deutsche Bundesbank executive board, offered an update on the bank’s progress speaking at the G20 conference in Wiesbaden. His comments, “Digitizing finance, financial inclusion and financial literacy,” are available on the bank’s website. Thiele noted the bank develops and operates large financial market infrastructures in line with technological advances. The bank needs to be aware of the potential benefits and risks of....
Related News
The German central bank Deutsche Bundesbank and Deutsche Börse are working together on a Blockchain prototype which will allow for functionality for the settlement of securities in a delivery-versus-payment mode for centrally-issued digital coins. This is yet more proof that markets are in love with Blockchain technology. The system will also be able to transfer digital coins or digital securities alone, and will also be capable of settling basic corporate actions such as coupon payments on securities and the redemption of maturing securities. Germans are willing to give Blockchain a try.....
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....
Germany’s central bank is hosting a four-day conference on blockchain this week. Dubbed “Blockchain Technology – Opportunities and Challenges”, the event is being organized by the Deutsche Bundesbank in partnership with the Frankfurt School of Finance and Management. Topics up for debate include the future of bitcoin and applications of the tech in both finance and beyond.’ The event is drawing attendees from regulatory bodies like the Bundesbank, the European Central Bank and the Prudential Regulation Authority, as well as startups like Monax, Digital Asset Holdings, Ripple and R3. The....
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....
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....