The European Central Bank (ECB) The Governing Council has approved the research efforts that will use the money from the Central Bank to resolve distributed accounting technology (DLT) Transactions, since the body seeks to make its payment systems more efficient.
A short -term approach is called “Pontes” that will link the DLT platforms with the objective services of the eurosystem that guarantee the flow of cash and values throughout Europe. A pilot will be released by the third quarter of 2026. A longer -term solution called “Appia” will facilitate global operations and analyze DLT -based solutions, said the post on Tuesday.
“The decision is in line with the commitment of the Eurosystem to support innovation without compromising safety and efficiency in financial market infrastructure,” the statement said.
The ECB has been exploring how to use DLT technology to increase payment settlement, something that central banks around the world have been seeing. He carried out an exploratory work on the liquidation of money from the Central Wholesale Bank between May and November 2024. On Tuesday a report on the results of this work that identified the DLT that had benefits, such as reducing costs and counteracting credit and liquidation risks was also published on Tuesday.
Read more: The ECB is heading to October to finish the digital euro preparation phase
