Deutsche Bundesbank and Deutsche Börse have successfully completed the performance tests of their jointly specified prototypes for securities settlement based on blockchain technology.
Bundesbank said the prototypes support the settlement of securities transactions, payments, interest payments and repayments at the maturity of a bond.
The system was developed on both Hyperledger Fabric and the Digital Asset Platform and subjected to demanding performance tests, it added.
The tests showed that both prototypes are suitable for the productive operation of a realistic financial market infrastructure and can serve as a basis for further development.
Burkhard Balz, a member of the Bundesbank executive board, said: “We expect the rapid development to continue, and also see the potential in using it for high-volume applications.”
Berthold Kracke, CEO of Clearstream Banking AG and head of Clearstream global operations at Deutsche Börse Group, commented: “The approach of a permissioned architecture, which takes into account the requirements of the financial sector from the outset, has proven to be right.”
He added: “The tests have shown that blockchain technology is a suitable basis for applications in the field of settlement and other financial infrastructures.”
