ECB outlines plans to settle DLT transactions using central bank money
European Central Bank (ECB) commits to distributed ledger technology settlement plans with dual-track strategy including link with TARGET Services by Q3 2026.
European Central Bank (ECB) commits to distributed ledger technology settlement plans with dual-track strategy including link with TARGET Services by Q3 2026.
The contract covers euro-denominated European government bonds and bills, corporate bonds, senior unsecured bank bonds, covered bonds, and supranational, agency and sovereign bonds.
The ECB, Bank of England and Federal Reserve join with other major central banks to offer seven-day US dollar operations on a daily (instead of weekly) basis, effective from 20 March 2023.