{"id":438622,"date":"2026-09-23T14:00:22","date_gmt":"2026-09-23T07:00:22","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-ecb-looks-to-build-the-bridge-between-blockchain-tokenisation-and-traditional-finance-438622\/"},"modified":"2026-09-23T14:00:22","modified_gmt":"2026-09-23T07:00:22","slug":"the-ecb-looks-to-build-the-bridge-between-blockchain-tokenisation-and-traditional-finance","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-ecb-looks-to-build-the-bridge-between-blockchain-tokenisation-and-traditional-finance-438622\/","title":{"rendered":"The ECB looks to build the bridge between blockchain, tokenisation and traditional finance"},"content":{"rendered":"
\n

In the midst of all the geopolitical focus, the ECB quietly took\u00a0another meaningful step into tokenised finance this week.<\/p>\n

The central bank launched<\/a> a new service called Pontes,\u00a0allowing wholesale transactions in tokenised assets to settle using central bank money. And we’re getting the likes of\u00a0Deutsche Bank, Santander, and Societe Generale among the institutions already onboarded, with more expected to follow.<\/p>\n

Now, all of this\u00a0might sound like just another blockchain experiment. However,\u00a0the difference this time is that we are perhaps increasingly moving beyond the experimenting stage.<\/p>\n

At its core,\u00a0Pontes connects distributed-ledger markets with the ECB’s existing settlement infrastructure. That gives\u00a0institutions a way to trade tokenised securities without relying on stablecoins or other private forms of digital money for settlement.<\/p>\n

Typically,\u00a0markets have largely associated blockchain with cryptocurrencies.\u00a0But the bigger institutional opportunity may ultimately be much more boring, simply being settlement.<\/p>\n

As we know, traditional securities transactions can involve multiple intermediaries, reconciliation processes and settlement delays. But by putting issuance, trading and settlement onto a shared digital infrastructure, it could potentially automate some of those steps.<\/p>\n

The ECB itself is even preparing to invest a small portion of its own \u20ac23 billion portfolio in highly-rated, euro-denominated tokenised securities.<\/p>\n

That is arguably a signal that\u00a0central banks are definitely looking to step into that gap of\u00a0getting traditional financial institutions comfortable with the settlement side of tokenisation.<\/p>\n

While it all sounds fancy and progressive, let’s just take a step back here.\u00a0Pontes isn’t a fully native on-chain settlement just yet.<\/p>\n

The ECB has come out to say that settlement finality for the cash leg initially remains within TARGET2, but its longer-term plan includes settlement directly on a Eurosystem-operated DLT platform, smart contracts and eventually longer operating hours.<\/p>\n

For me, that makes this less about the ECB suddenly embracing crypto and more about blockchain infrastructure quietly becoming part of traditional finance itself.<\/p>\n

And I reckon that’s something worth taking notice of as the landscape continues to shift, albeit slowly.<\/p>\n

\n

This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

In the midst of all the geopolitical focus, the ECB quietly took\u00a0another meaningful step into tokenised finance this week. The central bank launched a new service called Pontes,\u00a0allowing wholesale transactions in tokenised…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-438622","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=438622"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438622\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}