The Stuttgart Stock Exchange has successfully completed tests on settlements using tokenized securities as part of the European Central Bank trials. Six major banks, including Commerzbank and Deutsche Bank, participated in the tests. The banks connected to the Stuttgart Stock Exchange's blockchain platform, which utilized the Deutsche Bundesbank system to initiate payments through Target 2. The tests were conducted in a simulated environment without real money.
The trials involved five types of tokenized assets, such as bonds and shares. The platform used for the tests will be implemented on the new Swiss exchange BX Digital, which will be launched this year.