Focus Session – Advancing TARGET Services with DLT transactions in central bank money

Registration and login

Practical information

Welcome address

The Eurosystem launched a strategy to settle transactions recorded on distributed ledger technology (DLT) using central bank money. The initiative follows a two-track approach – Pontes and Appia – and will be built on the exploratory work on new technologies for wholesale central bank money settlement done with market participants in 2024. Learn more about how this strategy supports the wider EU policies and contributes to a harmonised and integrated European financial ecosystem.

• Dimitri Pattyn, Deputy Director General, ECB

Findings from the exploratory work

The Eurosystem tested three interoperability-type solutions in 2024 together with 64 participants which conducted 50 trials and experiments, with the aim of exploring the potential use of DLT to settle wholesale financial transactions. Learn more about the results of the exploratory work and the lessons learnt.

• Paul Gardin, Market Infrastructure Expert, ECB

Short-term track: Pontes

Deep dive into one of the tracks – Pontes which will provide a short-term offering to the market – including a pilot phase. It will offer euro central bank money settlement, linking market DLT platforms and TARGET Services to settle financial transactions. Learn more about the project roadmap and how you can be involved.

• George Kalogeropoulos, Deputy Head of Division, ECB

Long-term track: Appia

The ECB will provide insights on its work on the long-term integrated ecosystem using DLT, the collaboration with public and private stakeholders, and the international dimension.

• Holger Neuhaus, Head of Division, ECB

Closing remark

• Dimitri Pattyn, Deputy Director General, ECB