Escrivá says Spain is not considering relocating its gold reserves
ECB Governing Council member Escrivá said that Spain is currently not considering relocating its gold reserves.
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ECB Governing Council member Escrivá said that Spain is currently not considering relocating its gold reserves.
EUR The Eurosystem's tokenized-asset settlement infrastructure Pontes September 21 launched, with the first group of connected institutions including 13 banks and 4 institutions DLT operators; full completion is planned for 2028.
Reports say the ECB has launched Pontes, connecting the EUR payment system to blockchain-based financial markets. Initial participants include Deutsche Bank, Santander and Clearstream.
The ECB and EU national central banks oppose requiring major stablecoin issuers to hold at least 60% of reserves in bank deposits, suggesting instead a requirement for short-term assets.
The European Central Bank reportedly launches the Pontes platform for banks to settle tokenized assets using wholesale central bank money, and plans to invest in securities issued and settled through the platform.
ING has revised its interest-rate forecast and expects that the Federal Reserve and the European Central Bank may each raise interest rates once before year-end, citing energy-price shocks and vigilance over a resurgence in inflation.