Today news
About the same in other media
EU central banks work on DLT-based asset settlement
Reading now: 137
cointelegraph.comEuropean central banks ramp up their efforts to utilize distributed ledger technology (DLT), the foundation of blockchain, in central bank money settlements.
Banca d’Italia and Deutsche Bundesbank, central banks of Italy and Germany, respectively, joined forces to work on settlements in central bank money of DLT-based asset exchanges.
The official announcement stressed that the primary goal of the joint workshop was not to use DLT as a replacement for conventional systems. Instead, the initiative aims to complement the current central bank money settlement practices with a programmable trigger mechanism that connects the DLT-based asset, like a tokenized security, and cash to be settled via conventional payment systems.
The proposed system
Read more on cointelegraph.comAbout this in other media
‘People expect cheap food, drink and accommodation – that horse has bolted’: a hotelier on life without EU workers theguardian.com /2 years ago
Deutsche Bank hires Wynaendts to take over from Achleitner as chairman fnlondon.com /3 years ago
‘It puts more pressure on the remaining staff – you have to divide the work’: a spice importer on life without EU workers theguardian.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
