DekaBank is one of the leading financial institutions in Germany and has been a leader in the use of blockchain since 2016. As part of the Sparkassen-Finanzgruppe, it acts as a central provider for the savings bank sector with a focus on asset management and capital market solutions.
Digital asset infrastructure
The bank has developed a comprehensive blockchain infrastructure for financial products. Its most important achievement is the reduction of the time for structuring securities from 10-12 days to just 40 minutes.
Tokenization Platform
Deka's tokenization platform enables:
Full digitalization of securities,
Real-time settlement in primary markets,
Automated cash flow management,
Integration with smart contracts for lifecycle events.
Securities Lending Innovation
Their blockchain-based securities lending platform offers:
Decentralized operation,
Complete transparency,
Real-time settlement capabilities,
Automated collateral management.
However, this required building an entire financial ecosystem with multiple participants, highlighting the complexity of blockchain adoption in traditional finance.
How to bring cash onchain?
Deka is actively developing European stablecoin solutions. This initiative aims to:
Facilitate European payment flows &
Create a unified ledger combining assets, cash, and derivatives.
Key focus areas include:
Launching a European stablecoin solution,
Expanding real-world asset tokenization,
Developing on-chain derivatives,
Creating a unified ledger prototype combining all elements.
The conversation offers unique insights into:
This episode offers a unique perspective on how traditional European banks are approaching digital transformation, particularly valuable for those interested in the intersection of traditional finance and blockchain technology.
