According to Odaily Planet Daily, the Ministry of Finance of the German state of Saxony-Anhalt has issued €50 million worth of commercial paper using Deutsche Börse’s Clearstream D7 platform. The issuance is part of the European Central Bank’s wholesale DLT settlement trial.
According to Clearstream’s Jens Hachmeister, the transaction was settled using the Bundesbank’s Trigger Payments solution. Designed to interoperate with blockchain to support DLT payments, the Trigger Solution triggered payments on the TARGET2 real-time gross settlement system.