According to Odaily, the Stuttgart Stock Exchange Group has announced its test plan as part of the European Central Bank's wholesale Distributed Ledger Technology (DLT) pilot. The stock exchange group has developed a blockchain-based settlement solution, which it plans to test by combining it with the German Central Bank's trigger solution for the settlement of tokenized securities in central bank euros.
The trial partners include four major German banks: Deutsche Bank, Commerzbank, DZ Bank, and Landesbank Baden-Württemberg. Bankhaus Metzler and V-Bank are also participating. These banks will act as trading and settlement partners and will be directly connected to the blockchain network. This initiative is a significant step in the exploration of blockchain technology's potential in transforming traditional financial systems.
