The finance ministry of the German state of Saxony-Anhalt used Deutsche Bo ̈ rse's Clearstream D7 platform to issue commercial paper worth 50 million euros. The issue was part of the European Central Bank's wholesale DLT settlement experiment. As a result, according to Jens Hachmeister of Clearstream, the transaction was settled using the Bundesbank's triggered payment solution.
The trigger solution is designed to interoperate with blockchain to support DLT payments. It triggers payments on the TARGET2 real-time gross settlement system. Royal Bank of Scotland (Natwest) acted as the distributor of the commercial paper, and DekaBank (Deutsche Girozentrale) acted as an investor.
German government issues 50 million euro digital commercial paper through Deutsche Bo ̈ rse Clearstream
2024-09-11 11:28:57
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