"ABOUT THE LEDGER TECHNOLOGY" BY GOLDILOCKS, 19 MAY

 GOLDILOCKS

The Eurosystem completed its first experiment using distributed ledger technology (DLT), the European Central Bank (ECB) announced on May 14. 

This is the first of three experiments the ECB plans to carry out. All three experiments will test interoperability-type solutions for central bank money settlement of wholesale financial transactions recorded on DLT platforms. 

This experiment covered tokenization and simulated the deliver-versus-payment (DvP) settlement of government bonds in a secondary market transaction against central bank money. 

The DLT platform for the experiment was provided by the National Bank of Austria. Other participants include the central banks of Germany, France, Italy and Luxembourg.

https://www.centralbanking.com/central-banks/financial-market-infrastructure/7961332/eurosystem-completes-first-dlt-experiment