Regulation· ★★★★· bullish·

ECB proposes three models for putting central bank money on-chain

  • —First model: central bank directly issues tokenized reserves on a programmable ledger
  • —Second: central bank money stays in existing systems, bridged and synchronized with DLT platforms
  • —Third: private intermediaries hold reserves at the central bank and issue 1:1-backed tokens on DLT
  • —Goal is settling tokenized securities, deposits and stablecoins in central bank money
Why it matters: Sets the institutional framework for tokenized settlement in the EU and could accelerate integration of stablecoins and RWA into the financial system.
Source: Bloomingbit
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