Overview
- Chiara Scotti, speaking in Rome on Monday, asked EU policymakers to study adding tokenized settlement to SEPA, the shared euro payments system used across many European countries.
- She said building on SEPA’s network could bring scale and easy cross-border use to tokenized payments while keeping rules simple to follow.
- Scotti argued central banks must protect monetary control and public trust as private digital tokens and bank deposit tokens spread.
- The European Central Bank is pushing its digital euro work and this month signed with three standards groups to test online payment processing.
- Any change to SEPA would touch a core system that processed 116 trillion euros in non-cash transactions in the first half of 2025, raising legal and financial‑stability issues now under review.