The DLT pilot regime aims to test blockchain technology within regulated markets –
Iberclear.
Iberclear, BME’s central securities depository, is set to launch a blockchain-based trading and settlement platform under the EU’s DLT Pilot Regime. Scheduled to go live by 2025, the platform will integrate trading and settlement processes, marking a first for BME and a significant step in modernizing its financial infrastructure.
This launch aims to test blockchain technology within regulated financial markets, allowing participants to explore new systems under controlled conditions.
Iberclear’s platform will go through previous approvals under the regime, such as the Prague CSD’s settlement-only authorization by integrating trading and settlements.
According to a SIX press release this positions Iberclear as a primary factor in blockchain’s potential to streamline and enhance the efficiency of financial transactions in the world as we know it today.