Eurosystem unveils Appia roadmap for Europe's tokenised finance

20 March 2026

The Eurosystem published the roadmap for Appia, a strategic initiative to shape the development of a European tokenised financial ecosystem in which central bank money continues to play a central role. It will bring together the Eurosystem as well as public and private sector stakeholders, with the aim of building integrated, innovative and resilient tokenised wholesale financial markets in Europe.

Appia builds on the Eurosystem's 2024 exploratory work on new technologies for wholesale central bank money settlement and marks a key step in translating experimentation into a concrete long-term strategy.

The Eurosystem invites feedback from stakeholders and expressions of interest in contributing to the forthcoming analytical and practical work. A feedback questionnaire is published alongside the Appia roadmap.

For more information, see the press release on the ECB's website.