Boerse Stuttgart Digital offers wallet management and private key protection for KfWS blockchain bond
Boerse Stuttgart Digital offers wallet management and private key protection for KfWS blockchain bond
Boerse Stuttgart Digital, the leading infrastructure provider for cryptocurrencies and digital assets in Europe, has developed a new solution related to tokenized securities. KfW, Germany's largest sponsoring bank, has commissioned Boerse Stuttgart Digital to provide technical infrastructure for its new blockchain-based digital bond. In the desire and repayment process of the planned crypto value paper, Boerse Stuttgart Digital takes over the wallet management as well as the provision and securing of private keys, according to the law on electronic securities (EWPG).
The expansion of the range of offers to provide wallet and private key protection strengthens the position of Boerse Stuttgart Digital as a fully regulated one-stop shop in the field of cryptocurrencies and digital assets. This cooperation marks an important step in the blockchain-based financial world and underlines the role of Boerse Stuttgart Digital as a trustworthy partner in the field of digital assets for banks, broker and asset manager in Europe.
dr. Ulli Spankowski, Managing Director of Boerse Stuttgart Digital, emphasizes: "As a pioneer in digital assets, we want to significantly help shape the digital European market infrastructure. The expansion of our offer for institutional customers and our participation in the next blockchain-based digital bond of the KfW mark a milestone in the digital transformation of the Financial sector. “
Gaetano Panno, Head of Transaction Management at KfW, explains: "As one of the world's largest and most active bonds, we actively advance digitization initiatives in the emission and processing process. The testing of new technologies as part of the ECB trials enables us to technically map and support our digital learning trip. that Boerse Stuttgart Digital, together with the KfW, takes the way to a future blockchain-based securities. ”
Historically speaking, the Stuttgart Börse Group announced at the end of June that as an exchange operator in Europe, it has successfully applied for the second wave of the EU-wide tests of the European Central Bank (ECB) to handle blockchain-based financial transactions against central bank money. In this context, Boerse Stuttgart Digital also takes over the provision of wallets and securing private keys. Due to the transaction with the KfW, Boerse Stuttgart Digital also takes part in an application with central bank money payment, the so -called "trials".The following table provides an overview of the companies involved:
| Company | Stuttgart Digital |
| ————————- | ———————- |
| Customer | KFW |
| Services | Wallet management and |
| | Private key security |
| Status | Full -regulated provider |
Source: stock exchange stuttgart/ots
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