Blockchain Gaming
Blockchain-Based Securities Settlement Testing Completed by Boerse Stuttgart Group in Collaboration with ECB
Wednesday. October 2 at 6:30 AM
1 min. readBoerse Stuttgart Group, the second-largest exchange in Germany, has successfully tested secondary market transactions using blockchain technology in partnership with the European Central Bank (ECB). This milestone represents the group's inaugural settlement of exchange transactions with blockchain-based securities against central bank money. The testing involved six partner banks and focused on the interoperability of blockchain and central bank money, reducing settlement time from two days to minutes. The pilot project assessed blockchain implications in real-world market conditions, including various transaction scenarios and operational environments. Boerse Stuttgart Group's blockchain-based settlement solution was utilized for transactions involving tokenized securities like bonds, funds, and shares. Additionally, the collaboration with DZ Bank aims to integrate regulatory infrastructure and technical elements for new crypto services, benefiting around 700 cooperating banks under DZ Bank's umbrella.