ECB Launches Pontes to Move €1.6B Tokenized Market Into Central Bank Money

2 weeks ago 8

Rommie Analytics

Key Takeaways:

The European Central Bank has launched Pontes, a tool that will allow wholesale transactions of tokens to be settled using the bank’s money.
The ECB states that the system underwent the Eurosystem tests with approximately €1.6 billion over 50 tests in 2024.
Pontes will gradually increase its features and hours of operation, and complete implementation will be sought for by 2028.

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