ECB Advances Plans for Integrated European Market for Tokenised Assets

Piero Cipollone, an Executive Board member of the European Central Bank (ECB), announced the bank's progress in establishing an integrated European market for tokenized assets. He warned that fragmented digital platforms could exacerbate divisions within Europe's capital markets. The ECB aims to facilitate settlement of distributed ledger technology (DLT) transactions using central bank money, supporting an integrated and innovative European payments and securities ecosystem.