ECB launches Pontes for wholesale tokenized asset settlement

The Eurosystem has launched Pontes, a platform enabling banks to settle tokenized assets using central-bank money. The European Central Bank (ECB) is also preparing to invest in tokenized securities via this infrastructure, which connects distributed-ledger platforms with existing TARGET settlement services. Initial participants include major institutions like Deutsche Bank, Santander, and Société Générale. While currently offering limited services, the system is scheduled for full implementation by 2028.