UBS, Bursa Malaysia and Union Bank of the Philippines have joined Hashstacs (STACS) and Deutsche Bank as industry collaborators in their proof-of-concept on the use of distributed ledger technology (DLT) for digital assets and sustainability-linked bonds.The three industry participants contributed their expertise towards a DLT-enabled bonds lifecycle management solution called Project Benja for the financial industry.
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Deutsche Bank Securities Services in Singapore and Hashstacs Finalize PoC on DLT for Sustainability related Digital Bonds
Deutsche Bank’s Securities Services business in Singapore and
Hashstacs
(STACS) have reportedly finalized their proof-of-concept (PoC), called
Project Benja, on the use of distributed ledger technology (DLT) for crypto-assets and sustainability-related digital bonds.
Set in the context of the nascent tokenized securities in the securities market, the teams from the two organizations worked cooperatively on achieving digital assets interoperability across various platforms (along with support for custody solutions)
STACS and the Deutsche Bank Securities Services were awarded the PoC grant on October 29, 2020. They’ve acquired the funding support for conducting relevant experiments, development and implementation of new technologies in order to support the digital financial services sector.
Deutsche Bank and STACS Complete PoC for Digital Assets and ESG Bonds fintechnews.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fintechnews.sg Daily Mail and Mail on Sunday newspapers.