DOCUMENT FOUND 🌋 ECB publishes a new presentation titled “Central banks on-chain.”
The document, released today, maps central bank money, commercial bank deposits and tokenized financial assets operating together across DLT infrastructure:
• Tokenized wholesale central bank money, bank deposits, stablecoins, securities and other financial assets
• RTGS-to-DLT interoperability, native tokenized central bank reserves, 24/7 programmable settlement
• Single-ledger, interconnected-network and multi-ledger architectures
The architecture shows how the existing two-tier monetary system can be replicated onchain, with tokenized commercial bank deposits settling against tokenized wholesale central bank money.
The Eurosystem is defining pathways for central bank money to connect with market DLT networks used for tokenized securities, deposits and stablecoins.
The European Central Bank is mapping the architecture of a programmable onchain financial system.