ECB fires starting gun on central bank DLT settlement

Central bank distributed ledger technology moves a step closer with major trials.

by Michael Klimes

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ECB fires starting gun on central bank DLT settlement

Image: Alex Kraus/Bloomberg

The European Central Bank (ECB) has fired the starting gun on distributed ledger technology (DLT) in capital markets. On December 13, it launched a consultation on the potential use of new technology for wholesale central bank money settlement.

It is inviting both DLT platforms and other market participants to take part in trials and/or experiments that will run from May to November 2024. In a webinar on December 15, the ECB shared more insight on how the work will unfold.

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Michael Klimes

Michael Klimes is the investment banking and capital markets editor at The Banker. He joined the publication from Money Marketing where he was acting editor. He wrote about pensions for nine years on the retail and institutional side. He won B2B pensions journalist of the year at the Headline Money Awards 2022.