German and Italian Central Banks discuss mechanisms for DLT-based asset settlement

Banca d’Italia and Deutsche Bundesbank, the Central Banks of Italy and Germany, held a joint workshop to share experiences on the settlement in central bank money of assets exchanged on emerging and innovative market solutions based on Distributed Ledger Technology (DLT). DLT systems allow the recording of transactions and their details in multiple places at the same time without a central data store or administration functionality. As reported by Deutsche Bundesbank, the Central Banks’ initiative focused on the possibility of complementing established means of central bank money settlement with a programmable trigger mechanism connecting the DLT-based asset.

Source: https://www.bundesbank.de/en/press/press-releases/banca-d-italia-and-deutsche-bundesbank-discuss-initiatives-for-dlt-based-asset-settlement-in-central-bank-money-879634 

CH-019338 (Webpage Portal) 2021-11-04 (Published) 2021-11-12 (Updated)

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