Boerse Stuttgart Completes Tokenized Securities Settlement Tests in ECB DLT Trials

Boerse Stuttgart Group has completed a series of tokenized securities settlement tests as part of the ECB's wholesale DLT settlement trials, involving six major banks: Commerzbank, Deutsche Bank, DZ Bank, LBBW, Bankhaus Metzler, and V-Bank.

The banks connected to Boerse Stuttgart's blockchain-based settlement platform, which was linked to the Deutsche Bundesbank’s trigger solution to initiate payments on the Target 2 RTGS system. These tests were simulations and did not involve real cash.

The trials included five different tokenized securities, such as bonds, funds, and a share. While Boerse Stuttgart is conducting these tests in Germany, the platform will be used in BX Digital, its new Swiss exchange for tokenized securities launching later this year.