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The ECB initiates the second phase of its evaluation of a financial framework utilizing distributed ledger technology (DLT). A variety of prominent financial institutions will take part in the trials.
The European Central Bank (ECB) has revealed the commencement of the second phase of its initiative focused on assessing the DLT system. The primary objective is to examine wholesale transaction settlements involving central bank digital currencies (CBDC). The testing period will span from July to November 2024, engaging three central banks and 48 private financial institutions.
Included among the participants are some of the largest banks globally, such as:
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- JP Morgan;
- HSBC;
- BNP Paribas;
- Bank of New York Mellon;
- Société Générale;
- ABN AMRO, among others.
The second phase will broaden the research scope to include internal payments within the Eurozone, PVP operations involving foreign currencies, as well as a diverse array of scenarios concerning securities with both actual and simulated settlement. Furthermore, it will investigate interoperability challenges among different payment systems.
It is important to highlight that the ECB initiated the program to evaluate the functionalities of DLT systems in relation to tokenized assets and the digital euro in April 2024. The first phase of the program included the D7 trading platform by Clearstream and several central banks from European nations.
Сообщение European Central Bank Expands Testing of Financial DLT System появились сначала на CoinsPaid Media.
