- Boerse Stuttgart Digital offers new solution for tokenized securities
- KfW entrusts Boerse Stuttgart Digital with the implementation of its new blockchain-based digital bond
- Boerse Stuttgart Digital offers portfolio management and private key security provision in the issuance and redemption process for the first time
Stuttgart Digital Exchange, Europe’s leading infrastructure provider for cryptocurrencies and digital assets, now provides the technical infrastructure for KfW, Boerse Stuttgart Digital, one of the world’s leading sponsoring banks, is managing the wallets and securing the private keys throughout the issuance and redemption processes of the crypto security planned by KfW in the coming weeks in accordance with the German Electronic Securities Act (eWpG).
By expanding its range of services to include wallet provision and private key security in relation to tokenized securities, Boerse Stuttgart Digital is strengthening its position as a fully regulated one-stop shop in the field of cryptocurrencies and digital assets.
This collaboration marks an important milestone in the blockchain-based financial world and underlines Boerse Stuttgart Digital’s role as a trusted partner in the digital assets sector for banks, brokers and asset managers in Europe.
“As a pioneer in digital assets, we want to significantly shape the infrastructure of the European digital market. The expansion of our offering for institutional clients and our participation in KfW’s upcoming blockchain-based digital bond mark an important step in the digital transformation of the financial sector.”“ says Ulli Spankowski, Managing Director of Boerse Stuttgart Digital.
“As one of the largest and most active bond issuers in the world, we are actively pursuing digitalization initiatives in the issuance and settlement process. The use of new technologies in the ECB trials allows us to technically process a “delivery versus payment” transaction and thus supports our digital learning journey. We are pleased that Boerse Stuttgart Digital is paving the way for a future of blockchain-based securities in collaboration with KfW. As a fully regulated provider, Boerse Stuttgart Digital is a trusted partner for our next transaction,” says Gaetano Panno, Head of Transaction Management at KfW.
At the end of June, the Boerse Stuttgart Group announced that it had successfully submitted its application as a stock exchange operator in Europe for the second wave of tests by the European Central Bank (ECB) for the settlement of blockchain-based financial transactions against central bank money, in which it also provides wallets and guarantees the security of private keys. With the KfW transaction, Boerse Stuttgart Digital is also participating with its new service in a use case with payment in central bank money, the “trials”.
Source: Stuttgart Stock Exchange
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