🚀 European Central Bank to Explore DLT for Payment System Efficiency
#EuropeanCentralBank #DLT #PaymentSystems #Pontes #TARGET #Appia #FinancialInnovation #Efficiency
According to PANews, the European Central Bank's Governing Council has approved a study on using central bank funds to settle transactions via distributed ledger technology (DLT). This initiative aims to enhance the efficiency of its payment systems. The short-term project, named 'Pontes,' is set to begin a pilot phase in the third quarter of 2026, linking DLT platforms with the eurozone's TARGET payment system. In the long term, the 'Appia' project will support global operations and explore DLT solutions. The European Central Bank stated that this decision aligns with its commitment to support innovation while ensuring the safety and efficiency of financial infrastructure.#EuropeanCentralBank #DLT #PaymentSystems #Pontes #TARGET #Appia #FinancialInnovation #Efficiency
🚀 European Central Bank to Launch Blockchain Settlement Pilot by 2026
#EuropeanCentralBank #blockchain #settlement #Pontes #DLT #eurosystem #TARGET #financialservices #innovation #centralbankmoney
According to BlockBeats, the European Central Bank (ECB) plans to initiate a blockchain settlement pilot named 'Pontes' by the end of 2026. This initiative aims to integrate distributed ledger technology (DLT) platforms with the eurozone's core payment systems.
The ECB approved a dual-track plan on Tuesday to settle DLT transactions using central bank money, potentially modernizing the European financial system. The first track, 'Pontes,' will focus on short-term solutions by connecting blockchain-based DLT platforms with the euro system's 'TARGET' financial services system, which facilitates payments and securities circulation within the eurozone. The pilot is expected to commence by the third quarter of 2026.
The ECB stated that the pilot will utilize findings from its 2024 DLT exploratory experiments, which included over 50 experiments and 64 participating institutions, to test a unified settlement system using central bank money. "This decision aligns with the euro system's commitment to supporting innovation while ensuring the safety and efficiency of financial market infrastructure."#EuropeanCentralBank #blockchain #settlement #Pontes #DLT #eurosystem #TARGET #financialservices #innovation #centralbankmoney
🚀 ECB Targets 2026 for Initial Launch of Pontes in Tokenized Markets
#ECB #TokenizedMarkets #DLT #Eurosystem #Pontes #TARGETServices #AppiaRoadmap #EU #Circle #DLTPilotRegime
Europe's tokenized markets require central bank money settlement, according to ECB board member Piero Cipollone. According to NS3.AI, the European Central Bank (ECB) is aiming for the third quarter of 2026 to initiate the launch of Pontes, a system designed to connect distributed ledger technology (DLT) market platforms with the Eurosystem's TARGET Services. The Appia roadmap, set for March 11, outlines a plan to establish a comprehensive tokenized market framework by 2028. Cipollone emphasized the need for a legal framework within the EU to support these developments. Additionally, Circle has urged the European Commission to expand the DLT Pilot Regime as of March 20.#ECB #TokenizedMarkets #DLT #Eurosystem #Pontes #TARGETServices #AppiaRoadmap #EU #Circle #DLTPilotRegime