Central Bank of Ireland

Central Bank of Ireland’s Madouros: tokenisation needs settlement in central bank money and interoperable tokenised deposits; Bank to launch industry sprints and a Tokenisation Access Point

Central Bank of Ireland Deputy Governor Vasileios Madouros told the European Capital Markets Institute’s annual conference on 10 November 2026 that tokenisation is moving beyond experimentation towards live applications, though it remains limited in scale. He named four areas for action: settlement in central bank money (citing the Eurosystem’s Pontes and Appia), legal and regulatory clarity under “same activity, same risk, same regulatory outcome”, interoperable tokenised deposits led by the private sector, and tokenised bonds from European sovereign and supranational issuers that settle on Pontes. Building on a feedback statement published the previous week, he said the Central Bank will launch focused, time-bound sprints with industry and a Tokenisation Access Point for market participants.

Central Bank of Ireland