Paperless Schuldscheine next target for tech platforms

Technology platforms are vying to become the first to close a fully digital Schuldschein offering — without a paper parallel — under German law. But some see the obstacle to progress not behind the beady eyes of the regulator, or the possibilities of technology, but with market participants’ customs.

  • By Silas Brown
  • 07 Mar 2019

Teams at the two principle technology platforms, Debtvision and VC Trade, are working out ways to fully digitalise Schuldschein transactions. This will mean that the life of the Schuldscheine note, from origination to expiration, will only be recorded digitally. 

According to two sources familiar with the situation, LBBW ...

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