ECB launches 'Pontes' to settle tokenised assets in central bank money

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The Eurosystem has launched 'Pontes,' a platform enabling banks to settle trades in tokenised assets using central bank money. The European Central Bank also plans to invest its own funds through this system, marking progress toward a digital euro.

The Eurosystem has launched Pontes, a system allowing banks to settle trades in tokenised assets using central bank money, and the ECB said it will invest some of its own funds in tokenised securities through it, the first concrete steps towards making the euro fit for the digital age.