According to CoinDesk, Bart Garré, the legal counsel of traditional financial services facility giant Euroclear, said that it may launch its distributed ledger technology (DLT)-based bond settlement platform as soon as this year, which aims to improve the efficiency and transparency of the bond settlement process. The initiative builds on a recent trial led by Euroclear with the French central bank to use blockchain for bond transactions and a central bank digital currency as payment, which Euroclear will expand to include security tokens real-time transfer. Euroclear said it encountered a number of existing legal assumptions, including what constitutes account or transfer information, and concepts in property law.