The European Central Bank's DLT experiment: the Stuttgart Stock Exchange and four major German banks will conduct tokenized securities settlement
The Boerse Stuttgart Group has shared its testing plans as part of a second wave of wholesale DLT trials for central bank currency settlements by the European Central Bank and the Eurosystem. The stock exchange group has developed a blockchain-based settlement solution. It plans to test the use of central bank euros for settlement of tokenized securities by connecting with Deutsche Bundesbank's trigger solution.
The partners participating in the trial include the four largest German banks: Deutsche Bank, Commerzbank, DZ Bank and LBBW. Bankhaus Metzler and V-Bank are also participating, and these banks will act as trading and settlement partners, directly connecting to the blockchain network