đ Boerse Stuttgart Group, Germany's second-largest exchange, just aced blockchain tech tests with the ECB! đŠ
- Successfully settled exchange transactions using blockchain-based securities against central bank money.
- Linked to Deutsche Bundesbank's euro payment system.
- Six partner banks, including Commerzbank and Deutsche Bank, participated.
- Settlement time slashed from two days to mere minutes!
This pilot project showcased blockchain's potential for secure, efficient, and risk-free transactions in digital markets. DZ Bank is also on board, planning to connect 700 banks by 2024. Blockchain's future looks bright! đ