{"id":39604,"date":"2021-03-25T19:53:13","date_gmt":"2021-03-25T17:53:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39604"},"modified":"2025-08-30T10:31:51","modified_gmt":"2025-08-30T07:31:51","slug":"bundesbank-tests-cbdc-independent-blockchain-solution-for-settlements","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bundesbank-tests-cbdc-independent-blockchain-solution-for-settlements\/","title":{"rendered":"Bundesbank tests CBDC-independent blockchain solution for settlements"},"content":{"rendered":"<p>Blockchain and traditional payment systems are compatible in settlements of electronic securities. This <a href=\"https:\/\/www.bundesbank.de\/en\/press\/press-releases\/dlt-based-securities-settlement-in-central-bank-money-successfully-tested-861444\" target=\"_blank\" rel=\"noreferrer noopener\">confirmed<\/a> by experiments conducted by the Bundesbank, BaFin and Deutsche B\u00f6rse.<\/p>\n<p>The results showed that such systems can operate without national CBDCs. Previously, the prevailing view held that CBDCs were necessary for both asset tokenisation and monetary transactions.<\/p>\n<p>During the trial, specialists issued ten-year government bonds based on DLT technology. In the same system, they settled primary and secondary market transactions.<\/p>\n<p>The next step connected the DLT platform to the pan-European interbank payment system TARGET2, creating a corresponding interface. As a result, after the settlements were confirmed in the blockchain system, funds were transferred to TARGET2.<\/p>\n<p>The &#8220;delivery versus payment&#8221; settlement method minimizes counterparty risk for both buyer and seller, researchers said. In their view, the solution can be scaled faster than issuing a CBDC.<\/p>\n<p>Barclays, Citibank, Commerzbank, DZ Bank, Goldman Sachs and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale took part in the project.<\/p>\n<p>The test results could complicate the rollout of the digital euro, about which the Bundesbank has not expressed enthusiasm, CoinDesk reports.<\/p>\n<p>Earlier, the German government approved a bill that <a href=\"https:\/\/forklog.com\/en\/news\/germany-approves-blockchain-storage-of-stock-transaction-records\">makes fully electronic securities legal<\/a> within the framework of a broader blockchain strategy.<\/p>\n<p>In December, the Bank for International Settlements, with the participation of the Swiss National Bank and SIX Swiss Exchange, <a href=\"https:\/\/forklog.com\/en\/news\/bank-for-international-settlements-successfully-tests-wholesale-cbdc\">tested the integration<\/a> of the DLT platform with the existing wholesale payment system.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog FEED<\/a> \u2014 the full stream of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain and traditional payment systems are compatible in settlements of electronic securities. This was confirmed by experiments conducted by the Bundesbank, BaFin and Deutsche B\u00f6rse.<\/p>\n","protected":false},"author":1,"featured_media":39605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1989,1095,862,109,870],"class_list":["post-39604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bundesbank","tag-cbdc","tag-dlt","tag-germany","tag-security-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=39604"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39604\/revisions"}],"predecessor-version":[{"id":39606,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39604\/revisions\/39606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/39605"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=39604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=39604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=39604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}