Clearstream, a provider of post-trade services and part of Deutsche Börse Group, has launched a tokenized securities platform: D7 DLT. With D7 DLT, Clearstream facilitates the issuance and management of securities, based on distributed-ledger technology (DLT) and compliant with the central securities depository regulation (CSDR).
The offering complements Clearstream’s existing D7 digital issuance platform, providing clients with the choice “between digital and tokenized issuance and empowering them to embark on their digital transformation journey at their own pace and using their preferred technology.”
D7 DLT will be first rolled out into the global market and available to issuer clients of Clearstream Banking S.A., thus “enhancing Clearstream’s Eurobond offering.”
The first expected issuances are commercial papers (CPs) and medium-term notes (MTNs). Both these securities benefit “from the speed of issuance, allowing treasurers to generate funding on an intraday basis.”
Google Cloud, a strategic partner of Deutsche Börse Group, enables D7 DLT with “infrastructure, technical expertise, and cloud capacity.”
D7 DLT’s launch follows trials conducted as part of the European Central Bank (ECB) Trials and Experiments in 2024. During these trials, Clearstream executed several live issuances “with various partners, encompassing complex use cases and asset classes such as commercial paper and intraday repo transactions.”
The demonstration of the platform’s ability to manage securities and central bank digital currency (CBDC) now “positions it for scalability and innovation.”
