DekaBank Announces Issuance of Unintermediated Digital Bonds

Today DekaBank said it has issued a "crypto security" - a digital bearer bond, without the use of a central securities custodian or other intermediary. As part of the European Central Bank's (ECB) wholesale DLT settlement trial, Melzer Bank purchased the bond using central bank funds. Deutsche Bundesbank's trigger solution enables delivery and payment transactions to be executed.