Eurosystem expands initiative to settle DLT-based transactions in central bank money

The Governing Council of the ECB decided to expand its initiative to settle transactions recorded on distributed ledger technology (DLT) in central bank money. The initiative will follow a two-track approach, with the development and implementation of a short-term solution that would be interoperable with the existing infrastructures and, in parallel, of a more integrated long-term solution. For more information, see the ECB's press release.