ECB trials: Clearstream and Intesa Sanpaolo issue commercial paper
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ECB trials: Clearstream and Intesa Sanpaolo issue commercial paper 11 November 2024Italy Reporter: Daniel Tison
Image: Arcansél/stock.adobe.com
Clearstream and Intesa Sanpaolo have jointly issued and distributed a commercial paper using distributed ledger technology (DLT).
The transactions of €10 million took place in the context of the European Central Bank (ECB) trials, which aim to explore the potential of DLT for settling wholesale transactions in central bank money.
The participants used the TIPS Hash Link solution of the Italian central bank, Banca d’Italia.
Clearstream acted as market DLT operator, providing the technical infrastructure with its digital securities platform D7.
The processes included both the issuance of the security itself and the transfer of the assets from the issuer to the investors.
As part of the ECB trials, France has recently issued the first digitally native note in bearer form under its law.
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Image: Arcansél/stock.adobe.com 