The European Central Bank has launched Pontes, a wholesale settlement service for tokenized financial assets. The system went live on September 21 and connects tokenized asset platforms with TARGET Services, allowing transactions involving distributed-ledger technology to settle against central-bank money. Pontes is institutional infrastructure designed for financial institutions such as banks, securities issuers and asset managers. It is distinct from the retail digital-euro project and addresses the need for reliable settlement with finality in tokenized securities markets. The launch reflects a broader trend of central banks building bridges between conventional financial infrastructure and distributed-ledger technology.
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