ECB DLT trial: Stuttgart Stock Exchange and Germany's four largest banks will conduct tokenized securities settlement
Coin Point News reported that the Stuttgart Stock Exchange Group (Boerse Stuttgart Group) shared its test plan as part of the second wave of wholesale DLT trials for central bank currency settlement by the European Central Bank 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 Federal Bank.
Partners participating in the trial include the four largest German banks: Deutsche Bank, Commerzbank, DZ Bank and LBBW. Bankhaus Metzler and V-Bank are also involved. These banks will be directly connected to the blockchain network as trading and settlement partners
