A new Deutsche Börse blockchain project was unveiled today as the market operator revealed a new blockchain proof-of-concept to manage bank cash transfers.
The so-called ‘CollCo’ (or, ‘collateralized coin’), is the new Deutsche Börse blockchain project created together with Eurex Clearing, or the clearing house used by the Deutsche Börse.
Using the same code of the Hyperledger Fabric project as a basis, the company wants to obtain a patent approval for this revolutionary transfer solution available thanks to the distributed ledger.
According to the official press release shared by the Deutsche Börse, the next step is to work with customers, regulatory and central banking contacts.
This is the official description for CollCo:
“All peer-to-peer payments based on tokenised commercial bank money are accompanied by movements of collateral between the respective Eurex Clearing members using the [central counter party’s] functionality and rules.”
The press release continues by saying that the idea links together “existing and potential new use cases” as the “handling of margining requirements, credit risk free payments, and delivery-versus-payment asset/value transfer on the blockchain”.
The Deutsche Börse has spent much time during the past year testing several blockchain use cases, including one thanks to a partnership with Germany’s central bank.
Also, in February 2016, the company partecipated at the New York blockchain startup Digital Asset Holding’s $60m funding round.
During a speech given last week, CEO Carsten Kengeter talked about the so-dubbed “Exchange 4.0” powered by next-generation technologies.
“Exchange 4.0 will use blockchain intelligently. Exchange 4.0 will convert data into investment tools. Finally, Exchange 4.0 will be as varied – and perhaps also as easy to use – as an app store,” he explained.
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