Jens Hachmeister, Head of Issuer Services & New Digital Markets at Clearstream, commented:“Reaching €10 billion in issuance volume plus the large number of securities already issued on our D7 platform not only reflect our clients’ commitment and trust placed but also highlight the transformative potential of scalable digital solutions in enhancing market efficiency and liquidity. We are excited to continue our journey towards a fully digitised post-trade ecosystem, leveraging cutting-edge technologies to deliver real value-add to our clients and the financial markets overall.”
Calling for a transitory solution after the DLT ECB trials
The platform’s success is further bolstered by Clearstream’s participation as DLT Market Operator in the European Central Bank (ECB) trials and experiments, exploring the potential of new technologies for wholesale digital payments targeting a Central Bank Digital Currency (CBDC). Recent successful live DLT transactions on D7 involved market players from across Europe, such as DekaBank, DZ Bank, Eurex Clearing, JP Morgan, NatWest, the German state of Saxony-Anhalt and the German central bank, Deutsche Bundesbank.
“The ECB trials have been very successful so far and the experience gathered has been invaluable. Clearstream calls for a frictionless lead-over of the proven trial infrastructure into a transitory solution. This would serve as the nucleus for developing a stable long-term solution to advance a competitive digital financial ecosystem in Europe,” adds Jens Hachmeister.
Source: Clearstream
