Clearstream joins ECB trials to explore DLT for central bank money settlement
08 April 2024 Luxembourg
Image: MinhThuan
Clearstream, Deutsche B枚rse Group鈥檚 post-trade business, has joined the European
Central Bank (ECB) trials and experiments.
ECB is aimed at exploring the potential of distributed-ledger technology (DLT) for wholesale central bank money settlement in the light of the development of a digital Euro.
Clearstream says they aim to assess the feasibility of using DLT for wholesale transaction processing, using tokenised securities.
To support the trials, the firm has collaborated with Google Cloud to 鈥渆nhance鈥� its D7 platform with respective DLT capabilities.
Clearstream will connect to all three central bank digital offerings: Bundesbank鈥檚 Trigger Solution, Banca d鈥橧talia鈥檚 TIPS Hash-link and Banque de France鈥檚 Full DLT Interoperability.
Jens Hachmeister, head of issuer services and new digital markets at Clearstream, says: 鈥淲e are expanding our D7 digital securities infrastructure with DLT components and fostering connections with the main digital payment solutions across the Eurosystem.
鈥淥f course, Clearstream will leverage the trial insights to further enhance D7 for the industry.鈥�
The ECB trials will be conducted from May to November 2024 in a productive environment, using real central bank money.
Central Bank (ECB) trials and experiments.
ECB is aimed at exploring the potential of distributed-ledger technology (DLT) for wholesale central bank money settlement in the light of the development of a digital Euro.
Clearstream says they aim to assess the feasibility of using DLT for wholesale transaction processing, using tokenised securities.
To support the trials, the firm has collaborated with Google Cloud to 鈥渆nhance鈥� its D7 platform with respective DLT capabilities.
Clearstream will connect to all three central bank digital offerings: Bundesbank鈥檚 Trigger Solution, Banca d鈥橧talia鈥檚 TIPS Hash-link and Banque de France鈥檚 Full DLT Interoperability.
Jens Hachmeister, head of issuer services and new digital markets at Clearstream, says: 鈥淲e are expanding our D7 digital securities infrastructure with DLT components and fostering connections with the main digital payment solutions across the Eurosystem.
鈥淥f course, Clearstream will leverage the trial insights to further enhance D7 for the industry.鈥�
The ECB trials will be conducted from May to November 2024 in a productive environment, using real central bank money.
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