Germany’s national stock exchange has announced plans for digital platform which it claims will enable same day issuance and fully automated asset servicing for digital assets.
The post-trade platform, D7, will be cloud-based and fully regulated and expects to be operational by mid-2022. According to Deutsche Börse, over 80% of German securities will by then be eligible to be digitised through a centralised digital register, enabling same-day-issuance and paperless, automated straight-through processing.
The announcement follows the recent introduction of a digital securities legal framework in Germany.
The exchange is working with a number of financial institutions and tech companies on the project, including BNP Praribas, Citi, Deutsche Bank, Goldman Sachs, Vontobel and Microsoft.
“With D7, we’re providing the financial community with a next generation digital securities post-trade platform to unlock the potential of truly digital and decentralised finance,” said Stephan Leithner, member of the executive board of Deutsche Börse and responsible for pre- and post-trading.
“It’s time not only to digitise single processes; it’s time to reinvent post-trading altogether for a stronger, more sustainable and digital future of securities markets,” he added.
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