In a new strategy presented on Tuesday 31 March, the Eurosystem sets out its ‘roadmap to enhance cross-border payments’, particularly in light of the growing use of ‘tokenisation’ and distributed ledger technology (‘DLT’)-based solutions. It confirms the continued role of central bank money as the benchmark settlement asset, including in programmable environments, but opens the way for complementary digital forms such as tokenised deposits and certain regulated stablecoins.
The...