Eurex takes tokenised collateral

Collateral pressure margin squeeze leverage ratio cash adobe stock AS 230x150
By GlobalCapital
23 Oct 2019

Commerzbank, Deutsche Börse and asset manager MEAG have made further progress in adopting blockchain technology in post-trade services.

The trio successfully completed the settlement of a legally binding secondary market securities transaction using digital tokens. Commerzbank also used the tokenised cash as collateral at Eurex Clearing.

The prototype scenario reflected a delivery-vs-payment transaction and the transfer of tokenised cash. The firms are also exploring using digital ...

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