ECB Outlines Three Models for Putting Central Bank Money Onchain
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.9 Articles
9 Articles
Key points of the news: Isabel Schnabel presented three models to bring money from central bank to programmable infrastructure: Tokenized reserves, synchronized settlement between RTGS and DLT, and private tokens backed by reserves. Direct issuance places onchain reserves, while bridging keeps them offchain and private intermediation creates claims backed by reserves. Pontes already combines TARGET2 and DLT, while Appia explores future architect…
The ECB is examining how central bank money can be used on blockchain infrastructure. Three models are currently under discussion. Source: BTC-ECHO BTC-ECHO
The ECB is examining how central bank money can be used on blockchain infrastructure. Three models are currently under discussion. Source: BTC-ECHO BTC-ECHO
The European Central Bank is studying three models of tokenised settlement to bring central bank money to programmable blockchain networks. To outline them was Isabel Schnabel, member of the ECB Executive Committee, during a speech on Thursday at the Future of Money conference of the Bank of England, London. It is the clearest public overview [...]
ECB Weighs Three Models for Tokenized Settlement
TLDR ECB is examining three models for bringing central bank money onto programmable financial networks. One option would allow the central bank to issue reserves directly on a programmable platform. ECB plans to retain the two-tier system involving central banks and commercial banks. Pontes connects DLT-based transactions with central bank settlement, while Appia studies longer-term [...]
The European Central Bank is studying three ways to incorporate central bank money into blockchain networks, as it advances with Pontes and Appia and seeks to preserve the two-tiered monetary system.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
