Crypto
ECB to put its own money into tokenized securities via new Pontes DLT
The ECB aims to gain firsthand DLT market experience by buying tokenized public-sector securities and settling the trades through Pontes.
Cointelegraph•
The ECB aims to gain firsthand DLT market experience by buying tokenized public-sector securities and settling the trades through Pontes.
The European Central Bank (ECB) is preparing to invest a “small portion” of its own funds in tokenized public-sector securities.
The purchases will be settled in central bank money through Pontes, the Eurosystem’s settlement system for distributed ledger technology-based transactions launched Monday.
The purchases will come from a non-monetary-policy portfolio that generates income to help cover the central bank’s operating expenses.