The European Central Bank (ECB) has expanded its initiative to allow the regulations registered on the technology of the large distributed book (DLT) using the Central Bank money.
The initiative follows a two -track approach, focusing on immediate and long -term solutions to integrate DLT transactions into the Eurosystem market infrastructure.
Interoperability with target services
According to Thursday press releaseThe Eurosystem plans to implement a safe and effective platform for establishments based on DLT via an interoperability link with the target services.
This development aims to provide a secure method to carry out money transactions from the central bank while ensuring transparent interaction with existing financial market infrastructure. In particular, a specific calendar for this implementation will be announced in due time.
The ECB’s initiative is aligned with its broader objective of maintaining the stability and efficiency of its payment and payment systems.
This expansion is based on previous exploratory work between May and November 2024. Then, 64 participants, including central banks, financial market entities and DLT platform operators, participated in more than 50 trials and experiences .
Some trials involved real transactions regulated in central bank silver, while others have tested simulated regulations.
Long -term integrated solution
In addition to immediate interoperability solutions, the Eurosystem aims to explore a more integrated and long -term framework for regulations based on silver DLT of the central bank. This effort includes the examination of international operations, such as exchange regulations, to improve the efficiency and safety of cross -border transactions.
Continuous analysis of emerging financial technologies and active commitment with stakeholders in the public and private sector are crucial for this initiative. These efforts correspond to the broader objective of the ECB to promote a harmonized and integrated European financial ecosystem.
Alignment with the objectives of digital capital markets
The initiative contributes to the ECB’s objective to establish an integrated European market for digital assets. It also alignments with the commitment of the board of directors to promote a digital capital of capital markets.
The BCE initiative is comparable to the measures taken by the Swiss National Bank, which launched a wholesale pilot of the Central Bank digital currency (CBDC) in December 2023. The Swiss initiative, which allowed the settlement of digital obligations, was recently extended until 2026.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.
