🇪🇺 ECB is moving tokenisation from pilots to production. Pontes brings central bank money on-chain, while Appia targets an interoperable EU tokenised market by 2028—built for scale, not silos. 🔗

In a Frankfurt speech, the ECB laid out how Pontes and Appia form one strategy. Pontes goes live this year, linking market DLT platforms to TARGET Services for central bank money settlement, initially charging only onboarding fees, extending to 22.5 operating hours, then 24/7 by mid-2028. Appia targets a 2028 blueprint for an integrated EU tokenised ecosystem, with architecture undecided. Citing fragmentation risk—95% of 2023 CSD transactions settled locally—the ECB warned against losing the monetary anchor or external dependence. Context: tokenised traditional assets on public blockchains grew roughly fivefold between March 2025 and March 2026; one US platform averaged USD 354 billion daily in tokenised repo in March 2026.

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