ECB Launches Pontes Platform for Tokenized Asset Settlement

VERA Brief

AI-generated. Grounded in the article and its cited sources.

The European Central Bank has launched its Pontes platform to settle wholesale tokenized assets using central bank money. This platform aims to connect distributed ledger technology market infrastructures with existing payment systems.

Key facts

• The European Central Bank has launched the Pontes platform for settling wholesale tokenized assets.
• The platform uses central bank money for settlement.
• Pontes connects distributed ledger technology market infrastructures to the ECB's payment rails.
• This system operates separately from the retail digital euro pilot.
• The platform allows for the settlement of tokenized assets without the direct use of stablecoins.