A former computer scientist with 25 years of banking experience. Focus on new payment methods and forms of money, such as trigger solutions and tokenised deposits.Co-author of the German banking industry papers "Europe needs new money" and "Commercial Bank Money Token", a form of tokenised deposits.

DZ BANK is the second-largest bank in Germany. As the central institution of the cooperative banking sector in Germany, we provide solutions for around 700 cooperative banks.As a commercial bank, DZ BANK also serves companies and institutions with our own network of branches and representative offices around the world.

Commercial Bank Money Token (CBMT)

Commercial Bank Money Token (CBMT) is a new form of money. Its economic underpinnings are identical to those of the commercial bank money currently in use. Technically, CBMT exists as a native token on distributed ledger technologies (DLTs), which enables commercial bank money to benefit from the advantages of this technology. This talk explains why CBMT was designed, its key design principles and how it differs from a stablecoin. It also covers how corporates and commercial banks would use CBMT, and the current state of play. Finally, it briefly touches on the possibility of collaborating with CBDCs.