Jens Hachmeister News

The first wave of trials will involve 10 market participants, six market DLT operators and five central banks, carrying out tests involving actual settlement in central bank money and experiments with mock settlement in a test environment.The use cases mainly explore the securities settlement cycle, such as delivery-versus-payment, secondary market transactions and lifecycle management of securities. Other options under consideration are related to cross-border payments, such as payment-versus-payment.Deutsche Börse’s post-trade business Clearstream is part of the operation through its digital post-trade platform D7, which has been boosted with DLT capabilities. Jens Hachmeister, head, issuer services and new digital markets, Clearstream, says: “Clearstream’s participation in the ECB trials is a significant milestone in our digitisation journey: we are expanding our D7 digital securities infrastructure with DLT components and fostering connections with the main digital payment solutions across the Eurosystem.

Clearstream, Deutsche Börse’s post-trade business is investing an undisclosed amount in the fintech start-up Digital Vault Services (DVS).

The first wave of trials will involve 10 market participants, six market DLT operators and five central banks, carrying out tests involving actual settlement in central bank money and experiments with mock settlement in a test environment.The use cases mainly explore the securities settlement cycle, such as delivery-versus-payment, secondary market transactions and lifecycle management of securities. Other options under consideration are related to cross-border payments, such as payment-versus-payment.Deutsche Börse’s post-trade business Clearstream is part of the operation through its digital post-trade platform D7, which has been boosted with DLT capabilities. Jens Hachmeister, head, issuer services and new digital markets, Clearstream, says: “Clearstream’s participation in the ECB trials is a significant milestone in our digitisation journey: we are expanding our D7 digital securities infrastructure with DLT components and fostering connections with the main digital payment solutions across the Eurosystem.

Canton Network participants include 3Homes, ASX, BNP Paribas, Broadridge, Capgemini, Cboe Global Markets, Cumberland, Deloitte, Deutsche Börse Group, Digital Asset, The Digital Dollar Project, DRW, Eleox, EquiLend, FinClear, Gambyl, Goldman Sachs, IntellectEU, Liberty City Ventures, Microsoft, Moody’s, Paxos, Right Pedal LendOS, S&P Global, SBI Digital Asset Holdings, Umbrage, Versana, VERT Capital, Xpansiv, and Zinnia.The Network will provide a decentralized infrastructure that connects independent applications built with Daml, Digital Asset’s smart-contract language. Using the Network, financial institutions will be able to enjoy a reconciliation-free environment where assets, data, and cash can synchronize freely across applications.For example, asset registers and cash payment systems are distinct and siloed systems in today's markets.

Deutsche Borse became the first exchange to go live with digital issuances in Germany, under its post-trade service provider Clearstream.