Piero Cipollone: Money in the digital age — digital euro, tokenisation and the role of central banks
Primary source: European Central Bank ↗
If tokenised finance develops on closed, incompatible platforms without a safe settlement asset, fragmentation could increase and the singleness of money could be weakened.
Summary
ECB Executive Board member Cipollone set out the digital euro for retail and central-bank-money settlement of tokenised transactions via Pontes and Appia. (Also republished by the BIS as a central bankers’ speech.)
What it means for banks
Euro-area banks building tokenized deposit or DLT settlement should plan for Pontes interoperability rather than closed platforms.
Analysis, not advice.
AIAI-assisted: summary and bank-impact text were drafted with AI from the primary source. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Report an error
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