🚀 European Central Bank Pushes Forward with DLT-Based Transaction Settlement 🚀

The ECB’s Governing Council is advancing its initiative to integrate distributed ledger technology into its TARGET Services infrastructure, paving the way for settling transactions using central bank money. The plan follows a two-track strategy: rapidly developing a secure DLT settlement platform and exploring a long-term integrated solution, including foreign exchange settlements. ECB Executive Board member Piero Cipollone stressed that innovation must be balanced with safety and stability—a vision that aligns with ongoing efforts to build a more integrated European digital asset market.

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