Deutsche Börse is gearing up for the gradual launch of a new cloud-based and DLT-enabled platform, D7, paving the way for same-day broadcast and automated paperless and automated processing for the entire data chain. issue, custody and settlement value. , payment and asset management for digital titles.
Anchored in the recently introduced German securities legal framework, the D7 platform is developed in collaboration with long-term technology partners Digital Asset and Microsoft, as well as R3 and VMware.
The Stock Exchange also mobilized many market players to help with the project, including BNP Paribas, Citi, DekaBank, Deutsche Bank, dwpbank, DZ Bank, Goldman Sachs, Raiffeisen Bank International and Vontobel.
Stephan Leithner, Board Member of Deutsche Börse, Head of Pre- and Post-Trade, says: “With D7, we are offering the financial community a next-generation digital post-trade platform to unlock the potential true digital and decentralized finance. It’s time not only to digitize unique processes; It’s time to completely reinvent post-trade for a stronger, more sustainable and digital future of the securities markets.
The full functionality of the D7 platform will be rolled out in phases over the next few years, starting with the implementation of a digital central ledger at Clearstream Banking next month. By mid-2022, D7 will transition to same-day issuance and introduction of paperless certificates and warrants. Over the next two years, DLT capabilities will be brought into use, including connections to existing offerings, such as HQLAx for collateral basket lending service and FundsDLT for fund administration / distribution.