Earlier this month, the European Central Bank (ECB) held the third meeting about wholesale settlement for DLT networks, including a wholesale CBDC. It proposed a schedule, starting with a call for participation in November. It also shared its views on the BIS concept of the Unified Ledger.
Three months ago, the ECB outlined three interoperability solutions to test during the wholesale DLT trials – two trigger solutions linked to the Target 2 system and the Banque de France’s wholesale CBDC. These are all considered as ‘interoperability’ solutions because there will be no ‘integration’ between central bank money and the separate DLT networks. However, it will continue to research integration solutions but won’t test them at this stage.
Next month the ECB will publicly announce plans for the trial work and conduct a short industry survey. November’s call for interested participants will target banks and market DLT operators.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
