WM Datenservice has placed an ISIN on the blockchain, for a crypto securities bond issued by DZ Bank on the Polygon blockchain, with KfW as the investor for the first time.
Germany’s national numbering agency says it is the world’s first ISIN issuer to automatically exchange digital issue documents with DZ Bank’s Smart Bond Contract Factory via WM’s Smart ISIN Contract.
The pilot project was carried out as part of a strategic partnership between WM Datenservice and DZ Bank, with Cashlink, a crypto-securities registrar, and d fine, as consultants.
Peter Kohl-Landgraf, digital transformation manager, Capital Markets Division, DZ BANK, says: “Through the automated allocation of ISINs via smart contracts and the integration of digital issue data based on the ICMA standard, DZ Bank and WM Datenservice are demonstrating in this pilot project how capital market processes can be fundamentally transformed using new technologies.”
Duc Au, managing director, P.Keppler Verlag, who initiated the project for WM Datenservice, remarks: “As the central allocation authority, we are making a decisive contribution, together with our partners, to the development of a future global standard for scalable data exchange on the blockchain via ICMA XML through this pilot project,”
Simon Censkowsky, head of business development, Cashlink Technologies, notes: “The direct and straightforward exchange of data via smart contracts is a forward-looking approach.”
Marc Henniges, senior manager at d-fine, adds: “Current regulatory and technological developments in the blockchain sector are giving rise to a new, more efficient financial ecosystem in which many market participants are strategically repositioning themselves.
“WM Datenservice is therefore taking an important step forward with its smart contract-based ISIN allocation.”
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