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ECB DLT trial: Stuttgart Stock Exchange, Germany's four largest banks to settle tokenized securities

Boerse Stuttgart Group shared its test plans as part of the second wave of wholesale DLT trials for central bank money settlement by the ECB and the Eurosystem. The stock exchange group has developed a blockchain-based settlement solution. It plans to test the use of central bank euros to settle tokenized securities by connecting to the trigger solution of the German Bundesbank

Partners involved in the trial include Germany's four largest banks: Deutsche Bank, Commerzbank, DZ Bank and LBBW. Bankhaus Metzler and V-Bank are also involved, and these banks will be directly connected to the blockchain network as trading and settlement partners

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