ECB Member Says Central Bank Currency Needs to Be Tokenized
Isabel Schnabel, a member of the Executive Board of the European Central Bank, stated at the Jackson Hole Economic Policy Symposium that central bank reserves are superior to stablecoins and serve as ultimate settlement assets, emphasizing that central banks must place reserves on-chain. She pointed out that stablecoins lack the ability to rapidly expand liquidity during financial stress. Schnabel stressed that tokenization can enhance the speed, security, and programmability of financial transactions, but it requires central bank currencies to operate on the same infrastructure as other tokenized assets. The ECB's Pontes project is set to launch in September 2026, initially connecting TARGET services with market participants' DLT platforms. The project will subsequently support direct settlements on the DLT platform of the euro system and gradually incorporate smart contract functionalities for round-the-clock operations. The Appia project will be responsible for establishing the long-term architecture, technical standards, and legal framework for the European tokenized asset market, with a complete blueprint expected by 2028.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Dollar-Won Exchange Rate Expected to Rise Above 1,380 Won

IMF President Says Stablecoins May Undermine Currency Sovereignty in Emerging Markets

Fed Chair Waller Takes Hawkish Stance at Jackson Hole Meeting

BIS chief states stablecoins unreliable for large-scale payments

Waller Hints at September Rate Hike Possibility, Market Reaction Rises to 60%

ECB Needs to Adopt Blockchain, Says Isabel Schnabel

Dollar Stablecoins Propose 88% Model for Dollar Procurement

September Rate Hike Probability Drops to 35.7%

Stablecoins Worth $320 Billion Included in Jackson Hole Symposium Agenda

Wall Street Anticipates Declines Ahead of Kevin Warsh's Speech

Mixed Trends in Asian Stock Markets: Japan and Taiwan Rise, South Korea and Hong Kong Fall

Jackson Hole Conference Focuses on Long-Term Policy Direction of the Federal Reserve

U.S. July PCE Headline Exceeds Expectations, Core Matches

Easing US-Iran Tensions Drive Global Risk Assets Rebound, Brent Oil Falls Below $90

Warsh's Jackson Hole Speech Sparks Hopes for Bond Market Recovery

The Government Officialized a New Salary Increase for Military, Security Forces, and Public Employees: How Much Will It Be

Alipay's Stance: Stablecoins Enter AI

Ontology halts mainnet block production over potential security concern

Digital Ruble Fails to Generate Significant Interest Among Russians, Says Sberbank

AI Scam Hits $3.2 Million Per Incident, Crypto Security Battlefield Shifts from 'Code' to 'Scams'

Matt Damon to Keynote at Ripple Swell 2026 in New York

XRP Ledger lending vote: What XRP holders should know

WEEX Trade to Earn Series 6: How Futures Trading Fees Relate to Market Volatility

How Paintings Could Have Become Part of the Digital Economy, but Didn't

Shein's IPO and China's PMI: What Changes for Markets

From Pay to One-Stop Asset Management, BiyaPay Expands Global Diverse Financial Services Boundaries

Trump's Cryptocurrency Scheme Rakes in $1.4 Billion While Investors Lose $4.7 Billion

Zcash private transactions could fall below 200ms

Behind the Surge of Robinhood Chain: Real Prosperity or Emotional Premium?
![[Block Media 1st Term 6th Reader Committee Meeting] "In-depth Articles Needed for Differentiation ⋯ Impressive Critique of Altcoin Listings by Chairperson Park Hyun-joo"](/public-static/9_8dc682caea.png?format=avif)







