ECB Puts Central Bank Money at Heart of European Digital Asset Ecosystem

The European Central Bank (ECB) is working to build an integrated and dynamic European ecosystem for digital assets, with central bank money at its core.

This vision was first presented two years ago by Piero Cipollone, Member of the Executive Board of the ECB, at a symposium on 'Future of payments: trends and innovations in Germany and Europe.'

The potential of tokenisation and distributed ledger technology (DLT) is to make finance more efficient, allowing it to operate around the clock with greater automation and fewer intermediaries.

However, this transformation also poses a risk: a proliferation of incompatible platforms could reproduce or even deepen the current fragmentation of Europe's capital markets.