PANews reported on November 21 that according to Ledgerinsights, Deutsche Bank and UBS completed a tokenized deposit payment simulation experiment based on the German central bank's Trigger solution. The experiment achieved payment settlement between blockchains by destroying the sending bank tokens and regenerating them at the receiving bank, and completed the settlement using central bank funds through the Target2 payment system. The experiment also tested euro payments with high timeliness requirements and cross-border transactions involving pounds and Swiss francs, all of which were settled in euros.