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Deutsche Bank enters PoC for custody of digital bonds

Deutsche Bank is working with STACS to develop custody solutions for digital-asset green bonds.



Deutsche Bank Securities Services and Hashstacs (aka STACS) announced they are jointly exploring a proof-of-concept related to the technological and practical feasibility of digital assets interoperability, liquidity, cross-border connectivity, and smart contract templates, including the support of sustainability-themed digital bonds.

Jeslyn Tan, global head of product management for securities services at Deutsche Bank, said, “Investors will increasingly need to custodize their digital assets, ensure settlement finality, and have confidence in their safekeeping and security with the support of a bank’s institutional infrastructure. As a result, we see a clear place for an integrated platform that can service cross-border issuer-investor needs in Singapore and around the world.”

STACS, in collaboration with Deutsche Bank Securities Services, was awarded the Proof-of-Concept grant on 29 October 2020, which provides funding support for experimentation, development and dissemination of nascent innovative technologies in the financial services sector.

The PoC grant is part of the Financial Sector Technology and Innovation scheme under the Financial Sector Development Fund administered by Monetary Authority of Singapore.

STACS is a Singapore-headquartered fintech development company providing transformative technology to the financial services sector. STACS is focused on capital markets use cases, such as the trade lifecycle management of bonds, Environmental, Social, and Governance (ESG) fintech, structured products and exchange-traded derivatives.

Benjamin Soh, STACS’s managing director, said: “We hope that our technology will be the infrastructure rails that empower global markets connectivity and sustainability.”

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