Clearstream Introduces D7 DLT: A Tokenized Securities Platform
Clearstream, part of Deutsche Börse Group, has launched D7 DLT. It’s a tokenized securities platform built on distributed-ledger technology. This is a new phase in digital capital markets. It gives issuers a secure and compliant way to create and manage tokenized securities.
What is D7 DLT
D7 DLT is an extension of Clearstream’s existing D7 digital issuance system. D7 already enabled digital issuance, and the new platform adds tokenization capabilities. This means issuers can now choose their preferred form of digital issuance – digital or blockchain-based – and transition at their own pace.
The first rollout targets the international market and issuer clients of Clearstream Banking S.A. It enhances Clearstream’s Eurobond services. Also, it supports global capital market access. The platform is fully compliant with the Central Securities Depository Regulation (CSDR). This is important for institutions seeking secure and regulated adoption of tokenized assets.
Asset Types at Launch
The initial issuances will include
- Commercial papers (CPs)
- Medium-term notes (MTNs)
These instruments benefit from faster settlement and intraday funding. Treasurers can raise capital within the same day. It will improve liquidity and operational efficiency.
Technology and Partners
Google Cloud is powering the platform’s infrastructure. It supports security, scalability, and technical development. According to Google Cloud leadership, the collaboration aims to build a more efficient and transparent global capital markets ecosystem.
Foundation Through Live Trials
The launch follows real-world trials conducted during the European Central Bank’s 2024 Trials and Experiments. During these tests, Clearstream completed live issuances across multiple partners and asset types, including
- Commercial paper
- Intraday repo transactions
The platform also handled central bank digital currency (CBDC) positions. It indicates readiness for future digital currency integration.
About Clearstream
Clearstream is a major European post-trade services provider and international central securities depository (ICSD). It settles over 250,000 transactions daily. The company holds more than €16 trillion in assets under custody for around 2,500 clients in 110 countries. It offers settlement, custody, securities financing, collateral management, cash services, and fund processing via its Vestima platform.
Summing Up
Clearstream’s D7 DLT introduces regulated tokenization to global securities markets. It has already been tested in live trials. It supports fast, intraday funding. The system can scale easily. This launch prepares Europe and global markets for the next phase of digital asset issuance.
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