Regulation· ★★★· neutral·

ECB Outlines Three Models to Link Central Bank Money With Tokenized Markets

  • —Model 1: central bank issues tokenized reserves directly on a programmable ledger
  • —Model 2: existing central bank systems connect to DLT platforms via bridges and synchronization
  • —Model 3: private intermediaries issue on-chain tokens backed by reserves in omnibus accounts
  • —ECB launched the Pontes project on Sept. 21 to settle tokenized asset trades in central bank money
Why it matters: The framework sets the direction for tokenized settlement in the eurozone, signaling that banks and tokenized-asset issuers will need to integrate with ECB infrastructure.
Source: CoinDesk Japan
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