Deutsche Börse group and Swisscom have in common with the Falcon Private Bank, Vontobel and Zürcher Kantonalbank securities transactions with a token handled capitalised shares on a Blockchain-based. Through this Proof-of-Concept of the partner to show banks, as a securities settlement of equity securities of small and medium-sized enterprises (SMEs) could look by means of the DLT in the future.
Moritz wire
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From a press release of the Deutsche Börse Group of 19. November shows that the share register of a Swiss company digitized on the platform of daura first, and the shares were then tokenized successfully. The block chain-based transaction, were used in addition, Cash Token.
Through its subsidiary Eurex Clearing has issued Deutsche Börse Cash Token in Swiss francs. The amount was then deposited in a Central Bank account to the Eurex Clearing initially as a safety. In the subsequent securities transactions, the banks have, then the value of the paper Token Cash Token using the Blockchain transfers.
The German stock exchange and Swisscom have together contributed to the Software development. Here, you have access to the digital stock register of daura and the applications of Custodigit for the custody and management of digital Assets, the course. The company daura digitized using DLT shares of small and medium-sized enterprises from Switzerland. Swiss stock corporations can digitize in addition to the daura-platform you the share register. Custodigit ready, however, to the custody and management of digital Assets for regulated financial services institutions.
Jens Hachmeister, Head of New Markets division of Deutsche Börse group, commented on the successful completion of:
The possibilities of the value of the paper is to develop further processing by means of the DLT for us of strategic importance. So that we come closer to our goal, to make the Potential of this new technology for the financial services industry in Germany and Switzerland should be used efficiently, a big step.
Deutsche Börse and Swisscom Ecosystem for digital Assets
For the German stock exchange and Swisscom to develop the Proof-of-Concept was “a further milestone in the development of a comprehensive Ecosystem for digital Assets”. According to Peter lace-UPS, CEO of daura, were “the biggest winners of a functioning Digital Asset Ecosystem at the end of the investors and companies, in particular small and medium-sized enterprises”. In the settlement of the securities, the applicable provisions and requirements of the relevant regulation were complied with authorities.
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Johs Höhener, Head of FinTech at Swisscom, said:
With the DLT, the financial services industry has the Potential to a new level of speed and efficiency. To be able to the leading Position of Switzerland in relation to Digital Assets true, it requires cooperation and new platforms. This feasibility study is an excellent example of a successful collaboration and innovation across corporate boundaries.
The partnership of the German stock exchange and Swisscom could be a shoulder-to-shoulder in token of centralised securities. The Deutsche Börse is one of the largest exchanges in the world and has been with Swisscom, one of the leading information and communication company in Switzerland, at his side. In addition, the partner banks in Falcon, Vontobel and Zürcher Kantonalbank were involved in the transaction.
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