Eurosystem Launches 'Pontes' for Wholesale Tokenized Asset Settlement

The Eurosystem, led by the European Central Bank (ECB), has launched 'Pontes,' a settlement service enabling wholesale transactions of tokenized assets using central bank money. The platform connects market DLT platforms with TARGET Services. Initial participants include Deutsche Bank, Banco Santander, Société Générale, and the European Investment Bank (EIB). The ECB also plans to use the platform for its own investments in tokenized securities, with full implementation expected by 2028.