The European Central Bank (ECB) is officially bringing blockchain into the European financial system, launching a new payment system to settle central bank money using distributed ledger ...

According to the ECB's website, any issues with the T2S system in the past couple of years have typically been resolved quickly. Thursday's outage was reported at 0730 GMT and was only resolved at ...

This pilot will use insights from the ECB’s exploratory DLT trials in 2024, which involved over 50 experiments and 64 participants, to test a unified settlement system with central bank money.

Have a confidential tip for our reporters? Get in Touch Before it’s here, it’s on the Bloomberg Terminal LEARN MORE By Andrew Langley and Zoe Schneeweiss March 13, 2024 at 8:45 AM EDT Updated ...

The ECB’s project foresees two phases of implementation. As soon as feasible, the central bank wants to develop a blockchain-platform that is linked to the existing Target settlement system, it ...