Bank von der Heydt, a 270-year-old Munich bank, partnered with Bitbond to tokenize securities on Stellar and issue a euro stablecoin for institutional private placements, launching a production version in April.
Munich-based Bank von der Heydt, established in 1754, announced a partnership with fintech provider Bitbond to tokenize digital securities onto the Stellar blockchain for institutional clients. The collaboration enables the bank to offer tokenized equity through private placements, with investors purchasing using a euro stablecoin issued by von der Heydt. The platform includes a BaFin-approved custody solution for storing both tokenized securities and stablecoins. Real-time, on-chain delivery versus payment (DvP) eliminates intermediaries and reduces financing costs. A production version launches in April 2024.
