Blockchain PoC For Repo Settlement Completed By Commerzbank And Deutsche Boerse

News | March 7, 2019 By:

German banking giant Commerzbank and Deutsche Boerse, the operator of the Frankfurt Stock Exchange, have successfully executed legally binding settlement of a repo transaction using blockchain technology.

The repo transaction is based on a public note of KfW Bank Group amounting to EUR 10 million ($11.3M USD) and a seven-day term with a negative interest rate of -0.5%.