Clearstream reaches €10 billion digital issuance volume on D7
21 October 2024 Luxembourg
Image: Nuthawut/stock.adobe.com
Deutsche Börse Group’s post-trade services provider Clearstream has reached a digital issuance volume of €10 billion on the firm’s digital post-trade platform, D7.
The platform has processed over 250,000 digital issuances, with up to 15,000 new digital issuances added on a weekly basis.
With D7, Clearstream aims to digitise the entire post-trade value chain, “helping the financial industry to move to the digital world”.
Commenting on the milestone, Jens Hachmeister, head of issuer services and new digital markets at Clearstream, says: “Reaching €10 billion in issuance volume plus the large number of securities already issued on our D7 platform not only reflect our clients’ commitment and trust placed, but also highlight the transformative potential of scalable digital solutions in enhancing market efficiency and liquidity.”
According to the firm, Germany’s promotional bank, KfW, used D7 for the issuance of its two latest euro benchmark bonds as central register securities in June and October.
The platform has also been involved in the European Central Bank (ECB) trials and experiments, exploring the potential of new technologies for wholesale digital payments targeting a Central Bank Digital Currency (CBDC).
The platform has processed over 250,000 digital issuances, with up to 15,000 new digital issuances added on a weekly basis.
With D7, Clearstream aims to digitise the entire post-trade value chain, “helping the financial industry to move to the digital world”.
Commenting on the milestone, Jens Hachmeister, head of issuer services and new digital markets at Clearstream, says: “Reaching €10 billion in issuance volume plus the large number of securities already issued on our D7 platform not only reflect our clients’ commitment and trust placed, but also highlight the transformative potential of scalable digital solutions in enhancing market efficiency and liquidity.”
According to the firm, Germany’s promotional bank, KfW, used D7 for the issuance of its two latest euro benchmark bonds as central register securities in June and October.
The platform has also been involved in the European Central Bank (ECB) trials and experiments, exploring the potential of new technologies for wholesale digital payments targeting a Central Bank Digital Currency (CBDC).
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