Clearstream, part of Deutsche Börse Group, has launched a tokenized securities platform called D7 DLT. The platform uses distributed-ledger technology and complies with the central securities depository regulation. It complements Clearstream's existing D7 digital issuance platform, allowing clients to choose between digital and tokenized securities. Join buy side heads of FX in London at fmls25 The launch follows Clearstream’s involvement in earlier DLT trials with the European Central Bank in 2024. During these trials, the firm executed live bond issuances entirely on distributed-ledger technology, testing the platform’s ability to handle multiple asset classes and central bank digital currency positions. D7 DLT Available to International Issuers for CPs and MTNs D7 DLT will first be available internationally to issuer clients of Clearstream Banking S.A. The initial expected issuances include commercial papers and medium-term notes, which benefit from faster issuance and intraday funding. [#highlighted-links#] Jens Hachmeister, Head of Issuer Services & New Digital Markets at Clearstream, said the platform "offers the flexibility to choose between digital and tokenized issuance" and addresses current client needs while supporting future developments in capital markets. Clearstream’s new tokenised securities platform released. D7 DLT is designed to facilitate the issuance and management of securities, based on distributed ledger technology https://t.co/7Ko1zm5L1q #fundadmin #Custody pic.twitter.com/DhwjnP80JU — Asset Servicing Times (@ASTimes_) November 4, 2025 Google Cloud Provides Infrastructure Support Google Cloud, a strategic partner of Deutsche Börse Group, provides the infrastructure and technical support for D7 DLT. Matt Renner, President, Global Revenue at Google Cloud, said the collaboration combines "secure and scalable infrastructure with Clearstream's expertise in distributed ledger technology" to support securities issuance and management. Clearstream highlighted that D7 DLT updates issuance and lifecycle management, provides transparent and secure records of ownership, and integrates with existing market infrastructure, including Deutsche Börse Group's 360X multi-lateral trading facility.