Regulation· ★★★★· bullish·

ECB's Schnabel Makes Case for Central Bank Money Going On-Chain

  • —Schnabel cited three structural gains from tokenization: instant atomic settlement 24/7, elimination of principal and counterparty risk, and programmable automation
  • —Direct issuance of central bank money on DLT was favored to keep policy operations on-chain
  • —The ECB points to its Pontes and Appia projects exploring tokenised settlement architectures
  • —Schnabel said tokenization offers a chance to overcome the structural fragmentation of the eurozone's financial architecture
Why it matters: Moving ECB money on-chain could accelerate institutional tokenization in Europe and set standards for settlement in digital assets.
Source: Cryptonews.net
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