<ul><li>The European Central Bank (ECB) is developing a settlement system for distributed ledger technology (DLT) transactions using fiat currency.</li><li>The ECB's approach involves two stages: interoperability with TARGET Services and exploring integrated DLT settlement solutions.</li><li>In the short term, the ECB aims to create a platform that links DLT transactions with its existing TARGET Services, providing a secure and efficient settlement mechanism for DLT-based transactions in central bank money.</li><li>In the long term, the ECB plans to investigate more integrated solutions for settling DLT-based transactions directly in fiat currency, including foreign exchange settlements.</li></ul>

ECB Develops Settlement System for Distributed Ledger Technology Transactions

Discover more