Eurosystem completes first DLT experiment

Austrian central bank settled “mock transaction” on distributed ledger technology


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 tokenisation and simulated the deliver-versus-payment (DvP) settlement of government bonds in a secondary

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