Bundesbank performed its first transaction as paying agent on DLT platform The European Stability Mechanism (ESM) is issuing a €1 billion ($1.1 billion) digital bond on Pontes, the European Central Bank’s distributed ledger technology (DLT) solution, in what is also the Deutsche Bundesbank’s first transaction as a paying agent on the platform. Created during the
The European Stability Mechanism (ESM), the Deutsche Bundesbank, and Clearstream are participating in the first digital bond issuance by a European supranational issuer to be settled through the Pontes platform. Pontes is the Eurosystem platform for settling wholesale financial transactions using distributed ledger technology (DLT) directly in central bank money. The transaction marks the transition
First DLT-based benchmark bond transaction by a European supranational issuer to be settled through the Eurosystem’s Pontes platform. ESM prices its first-ever digitally native bond, Bundesbank acts as issuing and paying agent, and Clearstream provides the digital market infrastructure. The bond connects digital issuance with traditional markets, including expected stock exchange listing, eligibility as Eurosystem
On 2 October 2026, the Commission de Surveillance du Secteur Financier (CSSF) published its first FAQ on Tokenisation (Version 1), providing practical guidance for Luxembourg undertakings for collective investment (UCIs) and market participants considering the use of distributed ledger technology (DLT) to issue, store, and transfer fund units or shares. The FAQ addresses recurrent questions
... distributed ledger technology (DLT), commonly known as blockchain. The transaction was carried out using a new blockchain-based platform developed ...
A single list of investors, shared by the various stakeholders in a fund: this is the principle behind the register that LetzToken plans to launch by the end of 2026. The Luxembourg-based company behind BlocHome and Reboost announced on 26 October that the first two funds will adopt the system in 2027, without revealing their
What are your priorities as head of digital product and transformation at Clearstream Fund Services? Philippe Müller . – “We have priorities which I will follow through over the next 12 months. First, we need to scale up the business already in place, meaning the digital products we already have, notably the digital TA part
Brazil’s securities regulator has established an experimental pilot to test distributed-ledger technology (DLT) for securities operations as its president argues tokenization could help supervise a fund industry with R$11.5 trillion in net assets across 34,000 funds. The Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, is running the experiment under Resolution 249. CVM President Otto
Brazil’s securities regulator calls for mandatory tokenization paired with AI-driven surveillance to modernize capital-market oversight. On Friday, October 23, Otto Lobo, president of Brazil’s Comissão de Valores Mobiliários (CVM), told the IV Congress of Investment Fund Law organized by the Associação dos Advogados that the country’s capital market supervision infrastructure now requires a compulsory shift
Hong Kong Exchanges and Clearing Limited (HKEX) is planning a pilot program in 2027 to test the use of tokenized commodity warehouse receipts as collateral for financing arrangements, according to the exchange operator's announced initiative. The pilot will leverage distributed ledger technology (DLT) to digitize warehouse receipts, which are documents proving ownership of stored commodities
