Pontes

The ECB will hold its own money in tokenized securities via the new Pontes DLT

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The ECB will hold its own money in tokenized securities via the new Pontes DLT

The ECB aims to gain direct DLT market experience by purchasing tokenized public-sector securities and settling transactions through Pontes. The European Central Bank (ECB) is preparing to invest a “small part” of its own funds in tokenized public sector securities. Purchases will be settled in central bank money through the Eurosystem’s settlement bridge System for … Read more

The ECB launched Pontes to settle tokenized assets without stablecoins

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The ECB launched Pontes to settle tokenized assets without stablecoins

Full implementation is expected by 2028 and Pontes will gradually expand its services and operating hours to accommodate more participants. The European Central Bank (ECB) launched Pontes, a system that allows financial institutions to settle wholesale tokenized asset transactions in central bank money, providing an alternative to private settlement assets such as stablecoins. ECB announcement … Read more