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ECB Official Urges Central Banks to 'Go On-Chain' With Native Digital Money

The European Central Bank has launched Pontes, a wholesale settlement platform that allows financial institutions to settle tokenized asset transactions using central bank money.

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The European Central Bank in Frankfurt has launched Pontes, a new settlement system for tokenized assets.From: ECB Launches 'Pontes' DLT Settlement System for Tokenized Assets

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Moving central bank money 'on-chain' would shift settlement from centralized ledgers to distributed networks.From: ECB Official Urges Central Banks to 'Go On-Chain' With Native Digital Money ·
Pontes allows financial institutions to settle blockchain-based trades using central bank money instead of private stablecoins.From: ECB Launches 'Pontes' DLT Settlement System for Tokenized Assets ·
The Eurosystem plans a staged rollout for Pontes, targeting full 24/7 implementation by 2028.From: ECB Launches 'Pontes' DLT Settlement System for Tokenized Assets ·
The European Central Bank is currently exploring distributed ledger technology for wholesale financial settlements.From: ECB Official Urges Central Banks to 'Go On-Chain' With Native Digital Money ·

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