The German government issues 50 million euros in digital commercial paper through Deutsche Börse Clearstream

ChainCatcher news, the Ministry of Finance of Saxony-Anhalt, Germany, issued commercial paper worth 50 million euros using the Deutsche Börse's Clearstream D7 platform. This issuance is part of the European Central Bank's wholesale DLT settlement experiment. Therefore, according to Clearstream's Jens Hachmeister, 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. It triggers payments on the TARGET2 real-time gross settlement system. Natwest acted as the dealer for the commercial paper, while DekaBank and Deutsche Girozentrale served as investors.