The Eurobased DLT settlement project Pontes is scheduled to go live on September 21st, supporting tokenized securities settlement

The Eurobased DLT settlement project Pontes is scheduled to go online on September 21st, aiming to support central bank currency settlement of tokenized securities. Clearstream has participated in pre launch testing, while Axiology is advancing testing for securities issuance, trading, and redemption. Pontes serves as an interoperability bridge connecting the DLT platform of the market with the TARGET service of the Eurozone system. Through the Hash Link mechanism, it implements coupon payment, and the final settlement of funds is achieved after the T2 system completes the fund transfer. (Source: Ledger Insights)