Case Study: Deutsche Börse Group achieves faster, paperless digital securities issuance with Digital Asset

Connecting market players and digitizing post-trade to eliminate risk and manual reconciliation for digital securities

Deutsche Börse Group, a leading European financial marketplace, faced the challenge of automating slow, paper-based, and manual post-trade processes for securities. These outdated methods, which involved physical certificates and data reconciliation across incompatible systems, introduced significant risk, cost, and delays. Partnering with vendor Digital Asset, they sought to leverage new regulatory changes and distributed ledger technology (DLT) to build a modern, efficient system.

Digital Asset implemented a solution using its Daml smart contract language to help build D7, a digital post-trade platform. This interoperable system automates the entire value chain for digital securities, enabling same-day issuance and paperless processing. The results include a dramatic reduction in processing time from days to minutes, lowered operational risk, and significant cost savings. The platform has already successfully processed numerous digital issuances, including a €20 million bond, and is planned for expansion into new jurisdictions and asset classes.

Deutsche Börse Group

Jens Hachmeister

Head of Issuer Services & New Digital Markets