The ECB prefers distributed ledger technology: a new era of settlement work?
Jul 02, 2025 pm 06:36 PM
The ECB is intensively studying the application of distributed ledger technology (DLT) in the settlement field, indicating that financial infrastructure may usher in profound changes.
The ECB is paying attention to DLT: Will the settlement system enter a new era?
The European Central Bank (ECB) is actively evaluating the potential of distributed ledger technology , aiming to reshape existing settlement systems. This may bring about more efficient and safe financial transaction methods, which are worth looking forward to in the future.
Pontes and Appia: A dual-track parallel DLT strategy
The ECB did not stop trying it out, but adopted a systematic promotion strategy. It has launched two key plans: "Pontes" and "Appia". Among them, Pontes is a short-term project, with the goal of connecting the DLT platform with Eurosystem's TARGET system by the third quarter of 2026. The plan is similar to a bridge between traditional finance and new technologies, ensuring smooth flow of funds and securities across Europe. Appia, on the other hand, focuses on long-term development, focuses on global application scenarios, and conducts in-depth research on a variety of DLT solutions.
Why do you prefer DLT? Optimize cost and risk control
So, why is DLT favored by the central bank? Judging from the research conducted by the ECB between May and November 2024, this technology has significant advantages. It helps to significantly reduce operating costs while effectively reducing risks in the credit and settlement process. The research report points out that DLT has the ability to highly optimize operating processes and is expected to improve the efficiency of the entire financial ecosystem.
Global Perspective: DLT Becomes a Trend
The ECB is not an isolated case. Central banks in many countries around the world are exploring how to use DLT to improve payment and settlement efficiency. Countries are looking for faster, cheaper and safer ways to trade. The ECB's move is an important part of this global trend, marking the ongoing of an international competition on the modernization of financial infrastructure.
Personal opinion: Be cautious while staying optimistic
Although DLT brings great potential, it still needs to be treated with caution during the actual promotion process. Security and scalability are core considerations. The ECB adopts a phased implementation strategy, using Pontes as a transition platform, and gradually moves towards Appia, which is forward-looking. Through phased testing and optimization, problems can be identified and improved before full deployment. The ECB's balanced strategy between innovation and stability is undoubtedly the right direction. For example, the digital euro project is expected to complete preliminary preparations in October.
The future has quietly arrived (perhaps)
The ECB's investment in DLT sends a clear signal that the future of the financial system is changing. Whether it is Pontes, Appia, or other potential new solutions, the journey to a more efficient and safer financial system has begun. This change is challenging, but equally exciting. Please wait and see!
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