German State Issues €50 Million Commercial Paper Using Blockchain Platform

According to Odaily, the Ministry of Finance of Saxony-Anhalt in Germany has issued €50 million worth of commercial paper using Deutsche Börse's Clearstream D7 platform. This issuance is part of the European Central Bank's wholesale DLT settlement experiment. Jens Hachmeister from Clearstream stated that the transaction was settled using the German central bank's trigger payment solution. The trigger solution is designed to interoperate with blockchain to support DLT payments, triggering payments on the TARGET2 real-time gross settlement system.