The European Central Bank's wholesale DLT experiment using central bank currencies for settlement has inspired a number of institutions to issue digital bonds. The latest is LBBW subsidiary Berlin Hyp, which plans to issue a €100 million mortgage-backed digital bond on the SWIAT blockchain on August 2. This will be the first mortgage bond (Pfandbrief) to issue bearer bonds or "crypto securities" using the German eWPG law. This means that the law no longer requires a physical certificate or the involvement of a central securities depository. Instead, the bonds must be registered by a crypto securities registry, which in this case would be DekaBank.