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3 German Firms Go A Further Step with Blockchain

Germany’s Commerzbank, Deutsche Boerse, and MEAG have completed transaction settlement of post-trade securities using digital tokens and distributed ledger technology (DLT).  

The move aims to explore the possibility of utilizing the blockchain technology for trades.

Commerzbank was the seller and the custodian of the tokenized securities. Both Commerzbank and Deutsche Boerse provided the blockchain platform. MEAG, the asset manager of Munich Re and ERGO, was the buyer of securities. 

Their collaboration started in March 2019. The recent move indicates the continual collaboration on the matter. The technology enables the simultaneous exchange of cash and securities token.

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