POPA ReconECB Launches a Wholesale Digital Euro for Banks
ECB Launches a Wholesale Digital Euro for Banks The ECB has gone live with Pontes, a settlement platform that lets banks and eligible institutions settle tokenized-asset transactions in central bank money rather than private stablecoins. Pontes acts as a bridge connecting DLT-based securities platforms to the Eurosystem's TARGET real-time gross settlement system, so on-chain trades can settle directly in central bank money. An initial group of banks and DLT operators has already onboarded and can use the service right away, with more committed to join. The Governing Council approved the plan…
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