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ECB’s Cipollone: Pontes to extend operating hours by mid-2027 and move to 24/7/365 in 2028, as Europe prepares for T+1

Read the item · published 2026-10-29

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-10-31 16:50 UTC
Archived snapshot
SHA-256 61e462cccd9aa5c0aeac7bb9cd935cde0a2feb355ee536bb1a041e4e5c8e550b · fetched 2026-10-30 · Wayback Machine copy ↗
Source type
Primary European Central Bank ↗
Saved excerpt around the quote (source text, 2026-10-30)
… connects market DLT platforms with our TARGET Services, bringing the safety of central bank money to the emerging world of tokenised finance. [ 6 ] To further build on this momentum, the Eurosystem will enhance the initial core functionalities of Pontes. We will do so in steps, for example by extending the operating hours significantly by mid-2027 and moving to 24/7/365 availability in 2028. We also plan to offer immediate settlement finality on the Eurosystem DLT platform as early as next year. Appia looks further ahead. It is exploring how we can build an integrated European ecosystem for tokenised finance around common standards, wit …
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  6. 2026-10-30 Verify run + data (2026-10-30 morning deploy): verifiedAt refresh, verify snapshots, evidence for ECB Cipollone T+1/Pontes and Korea FSC items, history snapshot (fe010e8)
  7. 2026-10-30 Newsroom 2026-10-30 morning: ECB's Cipollone says Pontes will extend operating hours by mid-2027 and move to 24/7/365 in 2028, immediate settlement finality as (5c6dc32)

Verified quotes

  • “We will do so in steps, for example by extending the operating hours significantly by mid-2027 and moving to 24/7/365 availability in 2028.”
  • “We also plan to offer immediate settlement finality on the Eurosystem DLT platform as early as next year.”
  • “We are now assessing whether, how and under what criteria DLT-based assets outside currently eligible settlement systems could become eligible collateral.”
  • “This includes changes to the night-time settlement process, which are planned for June 2027 ahead of the market’s migration to T+1 settlement in October 2027.”
  • “Distributed ledger technology and tokenisation offer opportunities not only to make today’s processes faster by enabling the near-instant transfer of securities, but potentially to simplify the architecture of finance itself.”

String-matched against https://www.ecb.europa.eu/press/key/date/2026/html/ecb.sp261029~e9b57c3495.en.html by scripts/verify.mjs before every deploy.

AI-drafted from the primary source; quote string-matched by scripts/verify.mjs · AI-assisted