Clearstream, a provider of post-trade services and part of Deutsche Börse Group, has launched a tokenised securities platform, D7 DLT.
The platform enables the issuance and management of securities using distributed ledger technology (DLT) and is fully compliant with the central securities depository regulation (CSDR).
It complements Clearstream’s existing D7 digital issuance platform, giving clients the option to choose between digital and tokenised issuance according to their preferred technology.
D7 DLT will first be available in the international market to issuer clients of Clearstream Banking, enhancing Clearstream’s Eurobond offering.
The initial issuances are expected to include commercial papers (CPs) and medium-term notes (MTNs), which benefit from faster issuance times, allowing treasurers to raise funding on an intraday basis.
Jens Hachmeister, Head of Issuer Services & New Digital Markets at Clearstream, said:
“D7 is reinventing how securities are issued, managed, and traded, benefiting all market participants, providing the flexibility to choose between digital and tokenised issuance.”
Google Cloud, an innovation partner of Deutsche Börse Group, provides infrastructure, technical expertise, and cloud capacity for D7 DLT.
Matt Renner, President of Global Revenue at Google Cloud, said:
“By combining our secure and scalable infrastructure with Clearstream’s expertise in distributed ledger technology, we’re helping to redefine how securities are issued and managed. This platform is not just about meeting today’s needs; it’s also about building a more efficient, transparent, and secure future for capital markets globally.”
D7 DLT is designed to streamline issuance and lifecycle management by enabling tokenised securities to be issued directly on the DLT, reducing complexity associated with traditional methods.
The platform also provides an immutable record of ownership and transactions, enhancing transparency and security.
It allows integration with existing market infrastructure, supporting broader investor reach and interoperability, and will connect with trading venues such as Deutsche Börse Group’s 360X multi-lateral trading facility (MTF), which can service securities issued on DLT.
The launch follows successful trials in 2024 as part of European Central Bank (ECB) experiments.
During these trials, Clearstream executed live issuances with various partners, covering commercial paper, intraday repo transactions, and other complex use cases.
The platform demonstrated the ability to manage both securities and central bank digital currency (CBDC) positions, indicating potential for future scalability and innovation.
Featured image credit: Edited by Fintech News Switzerland, based on image by freepik
