DekaBank Issues Digital Bond Without Intermediaries in ECB Trials

DekaBank announced on July 11 that it issued a digital bond directly to Melzer Bank using the European Central Bank’s Distributed Ledger Technology (DLT) settlement trials.

According to a recent report by Ledger Insights, DekaBank issued the digital bearer bond without using a central securities depository as part of the ECB’s wholesale DLR settlement trials.