The ECB on Monday launched an interbank tokenized payment system, Pontes, allowing banks to settle transactions recorded on private distributed ledgers using central bank money, the Financial Times reports. Tokenization creates digital versions of assets and money that can be exchanged on blockchain-like systems; Pontes is operated by the ECB. The ECB intends central bank money to be an alternative to privately issued stablecoins for settling tokenized transactions, and a retail digital euro for

2026-09-21

The ECB on Monday launched an interbank tokenized payment system, Pontes, allowing banks to settle transactions recorded on private distributed ledgers using central bank money, the Financial Times reports. Tokenization creates digital versions of assets and money that can be exchanged on blockchain-like systems; Pontes is operated by the ECB. The ECB intends central bank money to be an alternative to privately issued stablecoins for settling tokenized transactions, and a retail digital euro for consumer and merchant payments is also under development. ECB economists warned that widespread use of USD-denominated stablecoins for settlement in Europe could erode the euro area's monetary policy control.

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2026-09-21

SOUTH KOREA'S LEE said that to not merely survive but to lead in international competition the country needs massive-scale investment and a new institutional framework to let citizens share the large excess profits generated.

2026-09-21

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