KDPW and StaBillion become partners in CSDonDLT project
26 June 2025 Poland
Image: Danila/stock.adobe.com
KDPW has signed a cooperation agreement with StaBillion, a licensed electronic money institution in Poland.
StaBillion will be the provider of universal digital Polish z艂oty in the CSDonDLT project enabling the settlement of OTC transactions using blockchain.
The integration of digital money with the post-trade infrastructure is designed to enable the settlement of securities transactions on a delivery-versus-payment basis.
As a result, this aims to bring the firms closer to full atomicity of securities exchange for cash where the transfer of assets and payments takes place simultaneously and irrevocably.
The CSDonDLT project 鈥� led by KDPW 鈥� will enable the implementation of an additional complementary layer of the depository and settlement system based on blockchain, the firm says.
At this stage, the solution under development focuses on the settlement of OTC transactions, covering the safe-keeping and unencumbered transfer of securities as well as the atomic settlement of transactions within the DLT layer.
One key element of the project is the possibility of immediate settlement of transactions with simultaneous transfer of rights to assets and recording the assets on a dedicated securities account in the blockchain network and transfer of digital money.
In addition to providing investors with full access to their assets and the possibility of 24/7/365 settlement, this approach looks to significantly increase operational and cost efficiency.
Maciej Trybuchowski, president of KDPW, says: 鈥淒istributed ledger technology is a breakthrough in the way we think about capital market infrastructure.
鈥淲e at KDPW see DLT not as a threat to traditional market institutions but as an opportunity for their transformation and adaptation to the requirements of the modern digital economy.鈥�
The company has found that DLT has the potential to 鈥渟ignificantly simplify鈥� settlement processes, especially in the case of OTC transactions. The settlement of transactions involves the transfer of securities and cash.
He continues: 鈥淚n the CSDonDLT model we are developing, KDPW is creating a system for securities services, while StaBillon will be the provider of universal digital money. StaBillon is licensed by the KNF to issue electronic money and has extensive experience in implementing projects using blockchain.鈥�
Jacek Figu艂a, supervisory board at StaBillon, adds: 鈥淭he combination of technology and the electronic money licence enables instant 24/7 exceptionally secure transactions in the world of digital tokens.
鈥淭hanks to integration with the banking system, the transition from traditional finance to the digital world (increasingly referred to as distributed finance) also takes place instantly. Under the MiCA Regulation, which allows the opening of national electronic money systems, we are also opening the CSDonDLT project to (corporate and individual) clients outside Poland and the European Union.鈥�
StaBillion will be the provider of universal digital Polish z艂oty in the CSDonDLT project enabling the settlement of OTC transactions using blockchain.
The integration of digital money with the post-trade infrastructure is designed to enable the settlement of securities transactions on a delivery-versus-payment basis.
As a result, this aims to bring the firms closer to full atomicity of securities exchange for cash where the transfer of assets and payments takes place simultaneously and irrevocably.
The CSDonDLT project 鈥� led by KDPW 鈥� will enable the implementation of an additional complementary layer of the depository and settlement system based on blockchain, the firm says.
At this stage, the solution under development focuses on the settlement of OTC transactions, covering the safe-keeping and unencumbered transfer of securities as well as the atomic settlement of transactions within the DLT layer.
One key element of the project is the possibility of immediate settlement of transactions with simultaneous transfer of rights to assets and recording the assets on a dedicated securities account in the blockchain network and transfer of digital money.
In addition to providing investors with full access to their assets and the possibility of 24/7/365 settlement, this approach looks to significantly increase operational and cost efficiency.
Maciej Trybuchowski, president of KDPW, says: 鈥淒istributed ledger technology is a breakthrough in the way we think about capital market infrastructure.
鈥淲e at KDPW see DLT not as a threat to traditional market institutions but as an opportunity for their transformation and adaptation to the requirements of the modern digital economy.鈥�
The company has found that DLT has the potential to 鈥渟ignificantly simplify鈥� settlement processes, especially in the case of OTC transactions. The settlement of transactions involves the transfer of securities and cash.
He continues: 鈥淚n the CSDonDLT model we are developing, KDPW is creating a system for securities services, while StaBillon will be the provider of universal digital money. StaBillon is licensed by the KNF to issue electronic money and has extensive experience in implementing projects using blockchain.鈥�
Jacek Figu艂a, supervisory board at StaBillon, adds: 鈥淭he combination of technology and the electronic money licence enables instant 24/7 exceptionally secure transactions in the world of digital tokens.
鈥淭hanks to integration with the banking system, the transition from traditional finance to the digital world (increasingly referred to as distributed finance) also takes place instantly. Under the MiCA Regulation, which allows the opening of national electronic money systems, we are also opening the CSDonDLT project to (corporate and individual) clients outside Poland and the European Union.鈥�
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