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Central bank moneyT1RegulatorEU

Piero Cipollone: Money in the digital age — digital euro, tokenisation and the role of central banks

Published Quote last verified

  • CBDC
  • Tokenized deposits

Executive summaryFact

ECB Executive Board member Cipollone set out the digital euro for retail and central-bank-money settlement of tokenised transactions via Pontes and Appia. (Also republished by the BIS as a central bankers’ speech.)

Primary source: European Central Bank ↗

Key factsFact

Jurisdiction
EU
Source
European Central Bank
Source tier
Tier 1 · Regulator / central bank

From the sourceFact

“If tokenised finance develops on closed, incompatible platforms without a safe settlement asset, fragmentation could increase and the singleness of money could be weakened.”

Verbatim from European Central Bank✓ string-matched against the live page 2026-10-22

Why it matters for banksAnalysis

Euro-area banks building tokenized deposit or DLT settlement should plan for Pontes interoperability rather than closed platforms.

Editorial analysis, not advice.

AIAI-assisted: summary and analysis were drafted with AI from the primary source and are the editor’s responsibility. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Corrections · Report an error

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