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ECB Launches Appia Roadmap, Sets Q3 2026 Start for Pontes

The plan keeps settlement anchored in central bank money to protect monetary policy, payment systems, financial stability.

Overview

  • The roadmap sets out infrastructure for tokenized wholesale markets across Europe.
  • Pontes will link distributed-ledger platforms with the Eurosystem’s TARGET2, T2S and TIPS services to enable interoperability.
  • The ECB opened a stakeholder survey for feedback that runs until April 22, 2026.
  • The platform will enable settlement in central bank money on tokenized networks and support smart contracts for asset operations.
  • A definitive blueprint for the tokenized market architecture is expected to be published in 2028.