DZ Bank - 5M EUR Token

DZBANK5M


Price
$1.00 USD (0%)

24h Volume
0.00

Market Cap
$5,410,000

Last Trade
October 1, 2024

Last Trade
October 1, 2024
DZ Bank - 5M EUR logo

DZBANK5M Market Cap & Volume

Source: STM.co

Trading History

Login to see full trading history

Login Register

Terms

Fundraise Information

Total Raise $5,410,000 USD
Soft Cap -
Raise Status Closed
Minimum Investment -
Accepted Investors International Accredited
Exemptions N/A
Instrument Bond
Token Issuance Info Institutional Transaction

Token Information

Price Per (DZBANK5M) $1 USD (0%)
Token Issuance Platform D7
Secondary Marketplace Clearstream
Blockchains Available On R3
Security Type Fixed Income
Asset Class Debt
Payment Options Other

Token Rights

N/A

About

Overview

Clearstream, DekaBank and DZ Bank have jointly issued two tokenised €5-million bonds using distributed-ledger technology (DLT). The issuances took place in the context of the ECB trials aimed at exploring the potential of DLT for settling wholesale transactions in central bank money. DekaBank acted as issuer, DZ Bank as investor – with swapped roles in the second case. This listing is for DZ Bank as the issuer.

Issuer(s): DZ Bank
Date: 7/1/2024
Country/Jurisdiction: Germany
Size (Native Currency): 5M Euros
Size (USD): $5,410,000.00
Length: N/A
Interest Rate: N/A

The D7 platform, when connected with the Bundesbank Trigger Solution, ensures that bond settlements are reflected in the European TARGET2 payment system. The ECB trials are conducted in a productive environment, using real central bank money. The timeframe is set for May to November 2024.

Highlights

This listing is for informational purposes only, highlighting the issuance information. Trading data is currently unavailable

Click Here for Article