central bank digital currency

ECB’s Schnabel urges central banks to issue reserves on blockchain

European Central Bank Executive Board member Isabel Schnabel urged central banks to bring their reserves directly onto distributed ledgers, arguing the move would modernize monetary policy and help institutions respond more rapidly to financial stress.

ECB to launch Pontes system for settling tokenized transactions in central bank money

The European Central Bank is bringing central bank money to distributed ledger technology platforms for the first time as an operational service, with Executive Board member Piero Cipollone confirming on Wednesday that the Pontes settlement system will go live later…

ECB selects 36 firms to join digital euro pilot

The European Central Bank on Monday announced it has selected 36 payment service providers to participate in a digital euro pilot, choosing from over 50 applications submitted by firms across the euro zone. The pilot will take place at the…