ECB launches Pontes to settle tokenized assets without stablecoins
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The European Central Bank launched Pontes on Monday, enabling financial institutions to settle wholesale tokenized asset trades in central bank money rather than private assets such as stablecoins. Part of the Eurosystem's tokenized-finance strategy, it starts with core services and will expand gradually, with full implementation expected by 2028 and more participants to join. It builds on 2024 Eurosystem tests of DLT settlement in central bank money.
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