Eurosystem’s exploratory work on DLT platforms progressing (ECB)

The Eurosystem’s work to explore how wholesale financial transactions recorded on distributed ledger technology (DLT) platforms could be settled in central bank money is progressing well. A total value of €532 million has been successfully settled in more than 50 transactions involving 15 different financial firms and central banks since May 2024. In total, 60 financial firms from nine euro area countries and the European Central Bank (ECB) and three national central banks are participating. The trials – transactions including actual settlement in central bank money – have covered nine use cases, with a particular focus on the primary distribution of bonds to investors on a delivery-versus-payment (DVP) basis. Trials and experiments will continue until the end of November 2024. [Read more at the ECB]

Digital Asset and DTCC test collateral and margin optimization via tokenization (PR News)

Digital Asset published the results of its U.S. Treasury (UST) Collateral Network Pilot that focused on leveraging DLT applications to support market connectivity across the collateral management lifecycle to enhance mobility, liquidity and transactional efficiency of tokenized assets. The tests involved four investors, four banks, two central counterparties, three custodians/collateral agents, and a central securities depository operating fourteen Canton Network nodes, that connected four types of cross-application transactions through ten distributed applications, leveraging DTCC’s LedgerScan solution to support dynamic tracking and governance of the assets involved in the pilot transactions. Participants successfully executed 100 transactions. [Read more at Canton]

Upcoming Speaking Engagements:

• Digital Euro Conference 2025, Frankfurt, March 27, 2025. The DEC25 conference will explore the future of money with a focus on CBDCs, stablecoins, tokenized deposits, and the intersection of AI and digital ID. Order your tickets before September 30 and get a 34% discount plus an additional 20% off by using the Kiffmeister20 code! [Find out more and register here]

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