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The European Central Bank Plans to Launch a Blockchain Euro Settlement Pilot in 2026

16 hours ago

On July 2nd, according to the report from Cointelegraph, the European Central Bank (ECB) is scheduled to launch a blockchain settlement pilot by the end of 2026 through a new initiative named "Pontes". The aim is to integrate distributed ledger technology (DLT) platforms with the core payment system of the Eurozone. The ECB approved a two-tiered plan on Tuesday to adopt central bank digital currency settlement DLT transactions. This move may pave the way for the modernization of the European financial system. The first tier, "Pontes", will focus on a short-term solution by connecting blockchain-based DLT platforms with the Eurosystem's operation of the "TARGET" financial service system (designed to facilitate payments and securities settlement within the Eurozone), and the pilot is expected to start by the end of the third quarter of 2026. The European Central Bank stated that this pilot will make use of the results of its 2024 DLT exploratory experiment (which involved more than 50 experiments and 64 participating institutions) to test a unified settlement system for central bank digital currency. "This decision is in line with the Eurosystem's commitment to supporting innovation while ensuring the safety and efficiency of financial market infrastructures."

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