The ECB's DLT settlement platform Pontes has officially launched, supporting wholesale transactions of tokenized assets settled in central bank money.

PANews reported on September 21 that according to the official announcement of the European Central Bank (ECB), the Eurosystem tokenized asset settlement infrastructure Pontes was officially launched today, allowing wholesale tokenized asset transactions to be settled in central bank currency, using DLT to integrate issuance, trading, settlement, custody and other links and support smart contract automation. Thirteen banks including Deutsche Bank, Santander, Société Générale, and the European Investment Bank, as well as four DLT operators including Clearstream, are the first to access the network. The target for full completion is 2028.