Bundesbank unveils blockchain settlement system

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German central bank experiments with blockchain settlement system

The Deutsche Bundesbank presented a functional blockchain-based securities settlement system prototype on November 28, in partnership with Deutsche Börse. The prototype is designed to provide the technical functionality for the settlement of securities in "delivery-versus-payment mode" for centrally issued digital coins, the bank said in a statement. "The Deutsche Bundesbank hopes that this prototype will contribute to a better practical understanding of blockchain technology in order to