Following the Schuldschein transactions LBBW has set another milestone in the use of blockchain in the financial sector. With the asset management company of Munich Re and ERGO, called MEAG, as an investor, the bank enabled a legally binding digital securities transaction using Distributed Ledger Technology for the first time without a paper-based parallel process. The sale and redemption of a money market paper were transacted entirely using the Distributed Ledger Technology.

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