Overview
- The ECB, which put the change into effect Monday, now lets banks post tokenized securities issued on distributed ledger technology, or DLT, as collateral for central bank credit.
- The central bank said using infrastructure based on XRP Ledger code does not mean the public XRP token is used or accepted.
- Axiology’s use of XRP Ledger code drew outsized attention on X, where some users miscast the policy shift as XRP adoption.
- Collateral eligibility continues to depend on the issuer’s credit, clear legal rights, and the same valuation haircuts and risk controls used for conventional assets.
- The update follows Eurosystem pilots of tokenized bonds and on-chain settlement and could widen repo collateral pools and support real‑world asset tokenization with faster settlement.