Clearstream, a provider of post-trade services and part of Deutsche Börse Group, has launched a novel tokenized securities platform: D7 DLT.
With D7 DLT, Clearstream facilitates the issuance and management of securities, based on distributed-ledger technology (DLT) and fully compliant with the central securities depository regulation (CSDR). The new offering complements Clearstream’s existing D7 digital issuance platform, providing clients with the choice between digital and tokenized issuance and empowering them to embark on their digital transformation journey at their own pace and using their preferred technology.
D7 DLT will be first rolled out into the international market and available to issuer clients of Clearstream Banking S.A, thus enhancing Clearstream’s Eurobond offering. The first expected issuances are commercial papers (CPs) and medium-term notes (MTNs). Both these securities benefit strongly from the speed of issuance, allowing treasurers to generate funding on an intraday basis.
Jens Hachmeister, Head of Issuer Services & New Digital Markets, commented:
“This is a landmark achievement for Clearstream and the wider financial community. D7 is reinventing how securities are issued, managed, and traded, benefiting all market participants, providing the flexibility to choose between digital and tokenized issuance. The platform offers a unique combination of innovation and practicality, addressing current client needs while paving the way for the future of finance, advancing capital markets in Europe and globally.”
Google Cloud, a strategic innovation partner of Deutsche Börse Group, enables D7 DLT with secure infrastructure, technical expertise, and cloud capacity.
“Our collaboration with Clearstream on the D7 DLT platform is a powerful example of innovation in digital finance. By combining our secure and scalable infrastructure with Clearstream’s expertise in distributed ledger technology, we’re helping to redefine how securities are issued and managed. This platform is not just about meeting today’s needs; it’s also about building a more efficient, transparent, and secure future for capital markets globally,” said Matt Renner, President, Global Revenue, at Google Cloud.
D7 DLT’s launch follows successful trials conducted as part of the European Central Bank (ECB) Trials and Experiments in 2024. During these trials, Clearstream executed several live issuances with various partners, encompassing complex use cases and diverse asset classes such as commercial paper and intraday repo transactions. The successful demonstration of the platform’s ability to manage both securities and central bank digital currency (CBDC) positions it for future scalability and innovation.
