The European Central Bank has launched the DLT settlement platform Pontes, which supports wholesale tokenized asset settlement

The European Central Bank has officially launched the DLT settlement platform Pontes, which supports wholesale tokenized assets to be settled in central bank currency, and utilizes DLT to integrate issuance, trading, settlement, custody processes and support smart contract automation. Thirteen banks including Deutsche Bank, Santander Bank, Soci é t é G é n é rale, European Investment Bank, and four DLT operators including Clearstream are among the first to be connected, with a comprehensive completion target of 2028. (Source: European Central Bank)