PANews September 21 reported, according to an official announcement by the European Central Bank (ECB),EUR the Eurosystem's tokenized-asset settlement infrastructure Pontes September 21 officially launched, enabling wholesale tokenized-asset transactions to be settled in central bank money, using DLT to integrate issuance, trading, settlement, custody, and other processes, while supporting smart contract automation. Banks including Deutsche Bank, Santander, Société Générale, and the European Investment Bank 13 banks, as well as operators including Clearstream,4 institutions DLT operators, were among the first to connect. The target for full completion is 2028.
The European Central Bank's official announcement states that EUR the system's tokenized asset settlement infrastructure, Pontes,September 21 officially went live.
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Pontes enables wholesale tokenized asset transactions to be settled in central bank money.
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The platform leverages DLT to integrate issuance, trading, settlement, custody, and other processes, while supporting smart contract automation.
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Deutsche Bank, Santander, Société Générale, the European Investment Bank, and other 13 banks, as well as 4 operators including Clearstream, were among the first to connect.DLT
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The target for full completion is 2028.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Simply put, Pontes is a platform that enables institutions to settle tokenized asset transactions using central bank money and connects the issuance, trading, settlement, and custody processes.
Why it matters to readers
It connects tokenized asset transactions with central bank money settlement and supports smart-contract automation.
This demonstrates DLT how it can be used for institutional asset trading and settlement.
Risks and unknowns
The evidence does not specify the scope of access for the first batch of participating institutions or the actual transaction volume.
The evidence does not specify the detailed implementation progress before the platform is fully completed.
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