The group is linked to Pontes, a Eurosystem initiative intended to connect distributed-ledger technology (DLT) market platforms with TARGET Services. The aim is to enable settlement of tokenised assets in central bank money.
Participants will contribute to discussions and work around how DLT-based financial-market infrastructure can interact with the Eurosystem’s existing settlement services. The development is relevant across EU jurisdictions, including Luxembourg and Sweden.
For firms involved in tokenised securities, DLT trading or post-trade infrastructure, Pontes signals the Eurosystem’s continuing focus on settlement models that retain central bank money as the settlement asset. The announcement does not itself create new regulatory obligations or establish an operational settlement service.