Boerse Stuttgart uses blockchain to slash settlement times

Boerse Stuttgart uses blockchain to slash settlement times

From finextra.com

The exchange operator carried out trials with six banks and the Bundesbank as part of the ECB's wholesale blockchain settlement trials. Commerzbank, Deutsche Bank, DZ Bank, LBBW, Bankhaus Metzler and V-Bank were connected to Boerse Stuttgart's blockchain-based settlement solution as trading and settlement participants. The system was also linked to the Deutsche Bundesbank's trigger solution and thus to the traditional euro payment system. The partners tested a large number of transactions with five tokenised securities - including bonds, funds, and a share. The focus was on the interoperability of blockchain and ... (full story)

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