Get Ignite
TRENDING
  • Submit Press Release
  • Our Team
  • Editorial Policy
  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial
Get Ignite

German Bank utilizes Stellar Blockchain to issue Tokenized Securities

by John Keegan
in Crypto News
2 min read
stellar
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The German banks have recently shown a keen interest in the adoption of crypto assets. Bank von der Hyedt has taken one such decision to opt for the Stellar blockchain ecosystem. This German bank has shown preference to utilize the technology of an existing and well-developed blockchain system of Stellar rather than developing its own ecosystem.

The major factors behind the creation of the Stellar platform have played an important role and make it a suitable existing blockchain system to adopt for banking services. The stellar ecosystem is based on an open-source decentralized network. It offers a complete financial solution. The Stellar platform can be utilized for the seamless transfer of digital money along with the option to trade with Dollar and other cryptocurrencies.

This regulated German bank has partnered with Bitbond, a Germany based tokenized bond provider, to issue security tokens using Stellar blockchain. It will further help the bank in the structuring of assets and provide transparent and faster services to its client. Bank von der Heydt is also planning to issue its own stablecoin backed by Euro.

Philipp Doppelhammer, the bank’s MD, said, “We have been observing the blockchain space with regards to financial service solutions for quite some time now as we believe that it will offer our clients outstanding added value”

Advertisements

Initially, traditional banks were not keen to support the cryptocurrencies and rather share an aversive view due to the claim to create an alternate payment system. The blockchain technology has greatly evolved over time, and now people understand its importance. Major companies from different section including banking are now showing interest in the use of this technology for innovation. This integration of banking services on the blockchain platform could enhance the use of digital assets. Moreover, this will be a milestone in the utilization of blockchain technology and positive news for the crypto community.

 

Also read: Crypto Companies Adopt Features of Traditional Banks for Growth

get ignite
John Keegan

John is working as a professional news editor at GetIgnite. He is accustomed to finding daily reports. Therefore, this keen working and addiction towards his work, it helps him to find good news.

ShareTweetSend
Previous Post

Bitcoin price could increase 2X after breaking $10,100 resistance

Next Post

Crypto possess significant threat to U.S Dollar, Jerome Powell acknowledges

Related Posts

Strike
Crypto News

Strike Launches the Lightning Payment across 200 countries

0
New kind of coronavirus hits Bitcoin move, 6% Down
Crypto News

New kind of coronavirus hits Bitcoin move, 6% Down

0
Bitcoin 23000
Crypto News

Bitcoin Price Set to Surpass Previous ATH, But When?

0
cryptoenter
Crypto News

Blockchain-based Ecosystem to Bridge Gap between Fiat and Crypto

0
coronacoin
Crypto News

Coronacoin: Another Crypto Scam or Initiative to fight Coronavirus?

0
brave together
Crypto News

Brave Together: A Blockchain-based alternative to Zoom Launched

0
Next Post
USD Bitcoin

Crypto possess significant threat to U.S Dollar, Jerome Powell acknowledges

Please login to join discussion

Trending News

Plugin Install : Popular Post Widget need JNews - View Counter to be installed

About Us

At GetIgnite, We aim to bring impartial and accurate news and information about a wide range of topics within the Finance and Technology Field. We are a team of enthusiasts and professionals who work hard to produce a reliable piece of information. We cover a broad segment of the FinTech Industry and attempt to provide updates about changes taking place in this fast-paced world.

Contact Us

Email us at [email protected]

  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial
Advertisements
  • About Us
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Terms And Conditions
  • Use Of Cookies
  • Our Team
  • Submit Guest Post

© 2021 GetIgnite. All Rights Reserved.

  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial

© 2021 GetIgnite. All Rights Reserved.