fbpx
Skip to content Skip to footer

3 German Firms Go A Further Step with Blockchain

Germany’s Commerzbank, Deutsche Boerse, and MEAG have completed transaction settlement of post-trade securities using digital tokens and distributed ledger technology (DLT).  

The move aims to explore the possibility of utilizing the blockchain technology for trades.

Commerzbank was the seller and the custodian of the tokenized securities. Both Commerzbank and Deutsche Boerse provided the blockchain platform. MEAG, the asset manager of Munich Re and ERGO, was the buyer of securities. 

Their collaboration started in March 2019. The recent move indicates the continual collaboration on the matter. The technology enables the simultaneous exchange of cash and securities token.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us