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Deutsche Börse to launch digital post-trade platform

Deutsche BoerseGermany’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.

© 2021 fundsTech

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