Case Study: Deutsche Börse Group achieves faster, more efficient cross-border collateral movement with Hyperledger

Deutsche Börse Group - Customer Case Study

Deutsche Börse Group, a leading global exchange and market infrastructure provider (Clearstream, Eurex Clearing), faced post-trade challenges around cross‑border collateral mobilization, securities settlement, asset servicing and secure transfer of commercial bank money—areas needing faster settlement, less reconciliation and efficient multi‑jurisdictional flows. To evaluate blockchain for these use cases, Deutsche Börse Group partnered with Hyperledger and used Hyperledger Fabric (v0.6) to develop targeted proof‑of‑concepts.

Using Hyperledger Fabric, DBG built three prototypes—the Liquidity Alliance Ledger for cross‑border collateral, a delivery‑versus‑payment securities settlement prototype developed with Deutsche Bundesbank, and the Collateralized Coins (CollCo) model for on‑chain commercial‑bank money—demonstrating peer‑to‑peer transfers of digitized securities and DvP settlement. Hyperledger‑based prototypes were completed and cloud‑deployed for testing and customer demos (technical prototype April 2017), received positive feedback from regulators and customers, and showed measurable potential to shorten settlement times, reduce reconciliation effort and simplify multi‑jurisdictional collateral movements with a view to future production rollout.

Deutsche Börse Group

Eric Müller

CEO of Eurex Clearing