Clearstream, part of Deutsche Börse Group, has launched a tokenized securities platform called D7 DLT. The platform uses distributed ledger technology and complies with central securities depository regulations. This complements Clearstream’s existing D7 digital issuance platform, allowing customers to choose between digital and tokenized securities.
Join Buy Side Head of FX in London at fmls25
The launch follows Clearstream’s involvement in an initial DLT trial with the European Central Bank in 2024. During these trials, the company performed live bond issuances entirely on distributed ledger technology, testing the platform’s ability to handle multiple asset classes and central bank digital currency positions.
D7 DLT will initially be offered internationally to Clearstream Banking SA’s issuer clients. Initial planned issuances include commercial paper and intermediate-term notes that will benefit from faster issuance and intraday funding.
(#Highlighted link#)
Jens Hachmeister, Clearstream’s head of issuer services and new digital markets, said the platform “offers the flexibility to choose between digital and tokenized issuance” and addresses current customer needs while supporting future developments in the capital markets.
Clearstream’s new tokenized securities platform has been released. D7 DLT is designed to facilitate the issuance and management of securities based on distributed ledger technology https://t.co/7Ko1zm5L1q #fundadmin #Custody pic.twitter.com/DhwjnP80JU
— Asset Services Times (@ASTimes_) November 4, 2025
Google Cloud provides infrastructure support
Google Cloud, a strategic partner of Deutsche Börse Group, will provide infrastructure and technical support for D7 DLT. Matt Renner, president of global revenue at Google Cloud, said the partnership combines “Clearstream’s expertise in secure, scalable infrastructure and distributed ledger technology” to support securities issuance and management.
Clearstream highlighted that D7 DLT updates issuance and lifecycle management, provides transparent and secure ownership records, and integrates with existing market infrastructure, including Deutsche Börse Group’s 360X multilateral trading facility.
