According to Ledger Insights, Deutsche Bank and UBS have completed a tokenized deposit payment experiment based on the Bundesbank Trigger solution from the German central bank. This experiment is part of the European Central Bank's wholesale distributed ledger technology (DLT) settlement trial, linking the blockchain system with the central bank payment system Target2 through Trigger Chain. The sender's tokens are destroyed on the blockchain, while the receiver mints new ones. The technology is provided by Adhara, ensuring the atomicity of the settlement process. The trial includes time-sensitive payments in euros as well as cross-border transactions involving pounds and Swiss francs, all settled in euros.

According to Ledger Insights, Deutsche Bank and UBS have completed a tokenized deposit payment experiment based on the Bundesbank Trigger solution. This experiment is part of the European Central Bank's wholesale-level distributed ledger technology (DLT) settlement trials, which link the blockchain system with the central bank payment system Target2 through the Trigger Chain. Tokens from the sender are destroyed on the blockchain, while the receiver mints new ones. The technology is provided by Adhara, ensuring the atomicity of the settlement process. The trial includes time-sensitive payments in euros as well as cross-border transactions involving pounds and Swiss francs, all settled in euros.

Deutsche Bank and UBS Group have completed a tokenized deposit payment experiment.