On Monday we reported that the Eurosystem was planning to offer an ongoing wholesale DLT settlement solution in central bank money, after its trials ended in November. Today the European Central Bank formally announced its plans for a two track solution.
This involves an interim option to be launched fairly soon while it works on a longer term, more integrated option. It said, “as soon as feasible, the Eurosystem will develop and implement a safe and efficient platform for such settlements in central bank money through an interoperability link with TARGET Services.”
Of the three payment options trialed last year, the German Trigger solution matches this description most closely.
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