Tech 5 September 2018

Rebecca Asseh

Germany’s Deutsche Börse explores blockchain with dedicated unit

Deutsche Börse, a German capitals market, has taken the bold step of exploring the use of blockchain technology.

According to reports, the exchange has established a department for “DLT [distributed ledger technology], crypto assets and new market structures” in an attempt to harness the potential of blockchain technology. The department of DLT is currently made up of a 24-man team led by Jens Hachmaster, who serves as its managing director.

The company has been planning on exploring blockchain technology. According to Hachmaster, “Deutsche Börse has been active with the technology in a first phase of ideation and exploration… However, these explorative steps have not been coordinated on a group wide level. In order to use the full potential of the technology for our business, to generate efficiencies and create revenues, a centrally steered approach is necessary.”

Deutsch Börse has also partnered with some securities depositories for the production of a blueprint of a securities settlement based on the blockchain for Deutsche Bundesbank. Hachmaster confirmed this development, saying, “We have invested in various institutions to create a sound understanding of the trends, the technology and it’s potentials within the traditional segment of our value chain.”

The project is in partnership with blockchain-based liquidity provider HQLAx. The proposal was to build an operating paradigm for security lending transactions, thereby facilitating a tour de force using blockchain technology developed by the R3 consortium.

This collaboration between Deutsche Börse and HQLAx has been expanded following the German capitals market’s initial “single-digit million euro” investment in HQLAx. As a result, the Deutsche Börse Group was given two board seats at HQLAx, filled by Hachmaster and Philippe Seyll.

Speaking about the development, Seyll noted, “It will allow market participants to redistribute collateral liquidity more efficiently by improving interoperability pools of securities residing in multiple, disparate settlement systems and locations.”

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

COMMENT

latest news

Pakistan eyes blockchain for digitalization of government processes

Tech 18 April 2019

Pakistan eyes blockchain for digitalization of government processes

A meeting chaired by Pakistan Prime Minister Imran Khan discussed ways in which technologies such as blockchain could be used to ensure efficiency of government processes.

Read More
Accenture, Generali taps blockchain for employee benefits

Tech 18 April 2019

Accenture, Generali taps blockchain for employee benefits

Global management consulting firm Accenture has teamed up with Generali Employee Benefits to develop what they referred to as a unique employee benefits system powered by blockchain.

Read More
Bitcoin SV and the roadmap to Genesis

Tech 17 April 2019

Bitcoin SV and the roadmap to Genesis

Coming soon will be a network upgrade called Quasar, which is currently scheduled for July 24 and centers on increased scaling capabilities.

Read More