ECB unveils tokenized finance roadmap as Europe pushes to reduce reliance on foreign infrastructure
The ECB launched the Appia roadmap to develop a euro-based tokenized financial system, aiming to bolster EU financial autonomy.Summary
The European Central Bank (ECB) unveiled a plan, including the Appia roadmap, to create a tokenized wholesale financial ecosystem based on the euro. This initiative aims to reduce the EU’s reliance on foreign financial infrastructure and strengthen Europe’s strategic autonomy. The strategy involves Pontes, a DLT layer debuting in Q3, and Appia, which will focus on developing an integrated financial market embracing tokenization and DLT. The Eurosystem plans to publish a blueprint for this tokenized ecosystem by 2028. Policymakers view financial infrastructure as a geopolitical issue, citing vulnerabilities from dependence on non-European payment networks. The project also adapts financial infrastructure to distributed ledger technology, allowing for digital tokens representing financial assets.
(Source：CoinDesk)