Central bank to test block-chaining securities settlement system

The Federal Bank of Germany has successfully tested two block-based securities settlement systems jointly developed with the German Exchange, which operates the Frankfurt Stock Exchange.

According to a report released on Oct. 25, the system supports periodic payments, securities, and maturity bond repurchases. According to the report, this performance test can withstand the current financial market demands and can be expected to improve further in the future.

Billing technology research began in 2016 and is being developed through Hyper Leverage 1.0 and the digital asset platform. It is underway in each country to study distributed led technology at the central bank as well as in Germany. For more information, please click here .