Deutsche Boerse & Commerzbank Comes Up With PoC for Repo Transaction

Deutsche Boerse & Commerzbank Comes Up With PoC for Repo Transaction

A securities marketplace Deutsche Boerse along with Commerzbank jointly completed the blockchain pilot for a legally binding repo transaction (short-term borrowing). Michael F. Spitz, CEO of Commerzbank’s R&D unit said “In past [DLT] pilots we have focused on new issue projects; for the first time we’re able to convert existing securities into digital tokens.”

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