DLT for Securities Settlements Feasible but Complex BoJ & ECB Conclude

[kreslik.news]

The European Central Bank and the Bank of Japan together explored the feasibility of using distributed ledger technology (DLT) for delivery-versus-payment (DvP) in securities settlement in a joint study.

The recently released paper outline the research project dubbed ‘Project Stella,’ is the second phase of the combined study. In the first part, the banks concluded that DLT-based payment systems lack maturity for deployment in a large-scale payment environment such as BOJ-NET and Target2.

In phase two, the banks examined “ways in which DvP can be conceptually designed and technically achieved in a DLT environment drawing on ... (read more)