The bearer bond has a term of around one year, and represents one of the first crypto securities from the German banking sector
The exchange traded product is now listed and starts trading on Deutsche Börse’s Xetra on 3 July
The transactions mark the first institutional-grade issuances in Germany on DLT using wholesale digital central bank money, says Clearstream
The mandate aims to further solidify Berenberg’s long-term partnership with BNP Paribas, which already includes local clearing, settlement, and custody services across multiple market
The Germany-based asset management firm will gain access to BNP Paribas’ Securities Services’ solutions and multi-local expertise
In his new role, John Burns will oversee all aspects of technology, including the strategic direction and enhancement of the group’s IT platforms
TeamTek and Infosys have accompanied and supported Commerzbank on a journey that has aimed to achieve model simplification and furthers business expansion
Eckermann will be responsible for the newly formed Post-Trading division, which consists of the Securities Services and Fund Services businesses
