The ECB set out plans for Pontes to connect market DLT platforms to central bank money settlement, with Appia addressing the longer-term market design.
At the time of Cipollone’s 26 August speech, Pontes was planned to connect market DLT platforms to TARGET Services so wholesale tokenised transactions could settle in central bank money. For banks, custodians and trading venues, that could provide a Eurosystem settlement route for tokenised assets. The speech did not confirm support for Ethereum networks; the proposed DLT Pilot Regime changes were still under legislative discussion, and Appia’s market architecture remained open.
- tokenization
- cbdc
- custody
- custodian
- issuer
- trading-venue
- bank
- enterprise