ECB DLT trial: Stuttgart Stock Exchange and Germany’s four largest banks will conduct tokenized securities settlement

The Boerse Stuttgart Group shared its testing 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 securities exchange group has developed a blockchain-based settlement solution. It plans to test the use of central bank euro settlement tokenized securities by connecting with the German Federal Bank's trigger solution. Partners participating in the trial include Germany's four major banks: Deutsche Bank, Commerzbank, DZ Bank, and LBBW. Bankhaus Metzler and V-Bank are also involved, with these banks serving as trading and settlement partners directly connected to the blockchain network.