Golden Finance reports that on March 24, according to market sources, Piero Cipollone, a member of the European Central Bank Executive Board, delivered a speech in Brussels stating that if the European tokenized financial market is to achieve scale, stablecoins and tokenized deposits must be anchored to a tokenized central bank currency for public settlement. He pointed out that the Euro system’s DLT settlement project Pontes is expected to be launched preliminarily in early Q3 2026, allowing market participants to settle DLT transactions with central bank currency.
Additionally, the ECB’s Appia project aims to build a blueprint for Europe’s tokenized financial ecosystem by 2028 and has called for feedback from all parties. Cipollone also warned that without a unified tokenization legal framework in Europe, there is a risk of building advanced settlement infrastructure on fragmented regulations.