Clearstream recently became part of the European Central Bank (ECB) trial to explore DLT for funds settlement. They are the only repository participating in the first phase of the clinical trial. These tests are carried out in the current context of the development of a digitally driven euro.
Digital post-trade mechanism D7 is enhanced by the potential of distributed ledger technology for tokenized securities. Clearstream is an entity of the Deutsche Borse Group that engages in trading business.
Clearstream is proud to participate in innovative initiatives with leading business organizations, infrastructure and banking consortia. They are a leading DLT marketplace operator with their flagship product, D7, a digital trading mechanism.
Clearstream has ambitious plans to use distributed ledger technology to transact business utilizing securities. This includes euro-centric issuance. Clearstream has successfully empowered digitally based trading systems with associated distributed ledger technology capabilities. Google Cloud was part of this initiative, leveraging a tactical collaboration between Deutsche Borse Group and Google’s suite of cloud computing services.
Clearstream’s D7 has an outstanding legacy, with more than 25,000 digital securities globally, more than any other digital trading system. Jens Hachmeister, Clearstream’s Chief Executive Officer, says Clearstream’s new initiative is a big milestone in its journey towards digitalisation. According to him, the D7 securities infrastructure is being expanded through distributed ledger technology elements. It has been pointed out that Clearstream’s new move will foster connections with major payment tools across the euro environment. This development will play a decisive role in shaping the future of an integrated, digitally driven European settlement sector.
According to media reports, the ECB trial will be held in a creative atmosphere using real money. The pilot operation period is scheduled from May 2024 to November 2024. A surprising feature of Clearstream is that it can connect to all major central bank products. It is encouraging to see Clearstream transform into a creative and trusted trading operation for international markets.
Clearstream will manage top-tier funds that serve the needs of the future ecosystem. The German and Luxembourg Central Securities and Global Central Securities Depository for the Eurobond Market functions in the Eurobond market. Clearstream is a renowned domestic and international securities clearing and custody company. We provide other premium services including distribution.
Clearstream is the core business of Deutsche Borse Group, a global exchange organization and market infrastructure provider. Recent developments are a great way to explore securities settlement cycles, secondary market trading and life cycle management of securities. The list of participants includes five national central banks, ten financial institutions and six market distributed ledger technology providers. BNP Paribas participates in this initiative as a market participant and market DLT operator.