German securities marketplace Deutsche Boerse (DE:DB1Gn) and Commerzbank (DE:CBKG) have completed a joint pilot transaction settlement of post-trade securities using digital tokens and distributed ledger technology (DLT).
While the transaction also involved major German asset manager MEAG, which operates under Munich Re-owned ERGO Group, one of the largest German insurance companies, Deutsche Boerse officially announced on Oct. 23. Meanwhile, the underlying technology and the legal concept were jointly developed by Deutsche Boerse and Commerzbank, the firm noted.