Blockchain
Boerse Stuttgart Digital partners KfW for digital bonds
Government-owned development bank KfW is preparing to issue its second bond utilizing Distributed Ledger Technology (DLT) in the coming weeks. This issuance will feature a digital bond, with Boerse Stuttgart Digital providing the essential wallet and private key infrastructure for the bond’s issuance and redemption processes. This initiative is part of KfW’s broader participation in the European Central Bank’s (ECB) wholesale DLT settlement trials, where transactions will be settled in central bank money.
KfW has been a pioneer in the digital bond space, having previously issued a €100 million DLT bond on the Polygon blockchain in July, following the regulations of the German Electronic Securities Act (eWpG). This bond was managed cautiously, with DZ Bank acting as the collective registered holder on behalf of investors. Additionally, KfW issued another significant digital bond valued at €4 billion through a central securities depository (CSD).
Gaetano Panno, Head of Transaction Management at KfW, highlighted the significance of utilizing new technologies within the ECB trials. Specifically, the ability to technically execute a “delivery versus payment” (DvP) transaction—a simultaneous exchange of securities and payments—underscores the advantages of blockchain technology, particularly in reducing counterparty risk.
Boerse Stuttgart Group, which is also participating in the ECB’s DLT settlement trials, has developed a settlement solution and will be conducting settlement tests using the Bundesbank’s trigger solution. This solution connects to the TARGET 2 payment system and leverages the same wallet and private key infrastructure provided for KfW’s bond issuance.
Ulli Spankowski, Managing Director of Boerse Stuttgart Digital, emphasized the company’s role in shaping the digital transformation of the European financial market infrastructure. The company’s involvement in KfW’s upcoming blockchain-based bond issuance is considered a significant milestone in this digital evolution.
Looking forward, Boerse Stuttgart plans to launch a secondary market for digital securities, BX Digital, later this year, which will be based in Switzerland rather than Germany. While Germany’s eWpG facilitates the issuance of DLT securities, the European Union’s regulations still require a central securities depository (CSD) for the settlement of secondary market transactions. The EU’s DLT Pilot Regime does allow for trading and settlement on the same platform, but any operator of such a settlement system must still obtain CSD registration. As of April, no platforms had received this authorization, though four were in the process of registration.
Source: ledgerinsights.com
The post Boerse Stuttgart Digital partners KfW for digital bonds appeared first on HIPTHER Alerts.
bybit lucky
Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
-
Blockchain6 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain7 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases6 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain4 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain7 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain5 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
