Boerse Stuttgart Group’s Blockchain Experiment Reduces Settlement Time to Minutes

Boerse Stuttgart Group (BSG) has successfully tested blockchain-based securities settlement, reducing transaction time from two days to minutes. The tests, which are part of the European Central Bank’s (ECB) explorations, have demonstrated significant progress in digital capital markets. German banking giants including Commerzbank and Deutsche Bank participated. Matthias Voelkel from BSG highlighted the potential of blockchain as a game changer (…)