US EditionEU ECB Commits to Distributed Ledger Technology Settlement Work
- The European Central Bank approved two research programs, Pontes and Appia, to integrate distributed ledger technology into TARGET settlement services.
- This approval comes after a series of exploratory activities carried out over several months in 2024, involving 64 market participants and more than 50 experiments.
- Pontes will serve as a pilot project connecting distributed ledger technology systems to the Eurosystem’s TARGET settlement infrastructure as an interim measure, while Appia aims to build a comprehensive, future-proof settlement network for the long term.
- A published report identifies DLT benefits including reduced costs and lower credit risks, with the ECB pledging to support innovation without compromising safety and efficiency.
- The ECB will soon invite institutions to join a Pontes contact group to ensure market dialogue as these initiatives advance Europe's move toward a digital euro.
22 Articles
22 Articles
ECB approves distributed ledger technology settlement to enhance central bank digital currency & improve financial infrastructure.
EU ECB Commits to Distributed Ledger Technology Settlement Work
The European Central Bank (ECB) Governing Council has approved research efforts that will use central bank money to settle distributed ledger technology (DLT) transactions, as the body looks to make its payment systems more efficient.One short term approach is called "Pontes" which will link DLT platforms with Eurosystem TARGET services that ensure the flow of cash and securities across Europe. A pilot will be launched by the third quarter of 20…
ADX Announces Region’s First DLT-Based Bond Listing
Abu Dhabi Securities Exchange (ADX) has announced the start of the pricing stage for the region’s first distributed ledger technology (DLT)-based bond. This marks the initial step toward its upcoming listing. The digital bond is issued by First Abu Dhabi Bank (FAB) using HSBC Orion, a leading digital assets platform. ADX revealed that the initiative supports its mission to lead financial innovation and promote Abu Dhabi’s digital transformation …
ECB Moves Forward with Dual-Track DLT Strategy - Bitcoinsensus
ECB moves forward with dual-track DLT strategy, advancing tech for central bank money settlement in the CeBM infrastructure. The first track, Pontes, provides for the launch of a pilot in 2026 to connect DLT platforms with TARGET Services. The second track, Appia, focuses on a long-term DLT-based architecture for CeBM settlement. All of this is aimed at preserving monetary sovereignty, maintaining compliance with MiFIR, and liquidity fungibility…
ECB Moves Forward with Dual-Track DLT Strategy
ECB moves forward with dual-track DLT strategy, advancing tech for central bank money settlement in the CeBM infrastructure. The first track, Pontes, provides for the launch of a pilot in 2026 to connect DLT platforms with TARGET Services. The second track, Appia, focuses on a long-term DLT-based architecture for CeBM settlement. All of this is aimed at preserving monetary sovereignty, maintaining compliance [...]
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