Skip to content
CryptoBanking.news

Tokenized deposits· Central bank money

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

In a keynote at an EU T+1 Industry Committee event in Frankfurt on 29 October 2026, ECB Executive Board member Piero Cipollone said Europe will move to T+1 settlement on 11 October 2027 and that T2S night-time settlement changes are planned for June 2027.

Cover: generative artwork from topic and jurisdiction.Primary source: European Central Bank (ecb.europa.eu)
cryptobanking.news Editorial · AI-assisted, source-verifiedT1RegulatorEU

Key takeawaysFact

  1. 1In a keynote at an EU T+1 Industry Committee event in Frankfurt on 29 October 2026, ECB Executive Board member Piero Cipollone said Europe will move to T+1 settlement on 11 October 2027 and that T2S night-time settlement changes are planned for June 2027.
  2. 2He said the Eurosystem will enhance Pontes, which since 21 September has enabled wholesale transactions in tokenised assets to be settled in central bank money, in steps, including extending operating hours significantly by mid-2027, moving to 24/7/365 availability in 2028 and planning immediate settlement finality on the Eurosystem DLT platform as early as next year.
  3. 3He also said the ECB published a report on the Appia roadmap consultation the day before, which confirmed broad market support, and that the Eurosystem is assessing whether DLT-based assets outside currently eligible settlement systems could become eligible collateral.
  • Tokenized deposits
  • CBDC
  • Regulation

Executive summaryFact

In a keynote at an EU T+1 Industry Committee event in Frankfurt on 29 October 2026, ECB Executive Board member Piero Cipollone said Europe will move to T+1 settlement on 11 October 2027 and that T2S night-time settlement changes are planned for June 2027. He said the Eurosystem will enhance Pontes, which since 21 September has enabled wholesale transactions in tokenised assets to be settled in central bank money, in steps, including extending operating hours significantly by mid-2027, moving to 24/7/365 availability in 2028 and planning immediate settlement finality on the Eurosystem DLT platform as early as next year. He also said the ECB published a report on the Appia roadmap consultation the day before, which confirmed broad market support, and that the Eurosystem is assessing whether DLT-based assets outside currently eligible settlement systems could become eligible collateral.

Primary source: European Central Bank ↗

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.

— European Central Bank, verbatimString-matched against the live page 2026-10-31

Key factsFact

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

Who is affectedFact

European securities market participants preparing for T+1, users of T2S, and banks and DLT platforms settling wholesale tokenised transactions in central bank money through Pontes.

Key datesFact

  • Eurosystem starts accepting DLT-issued marketable assets from CSDs as eligible collateral
  • Pontes enables settlement of wholesale tokenised transactions in central bank money
  • ECB publishes report on the public consultation on the Appia roadmap
  • Cipollone keynote at the EU T+1 Industry Committee event
  • Europe moves to T+1 settlement

On the regulatory timeline

More from the sourceFact

“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.”

Verbatim from European Central Bank✓ string-matched against the live page 2026-10-31

Why it matters for banksAnalysis

Banks and market infrastructures planning euro tokenised-asset settlement now have a stated ECB path from limited Pontes hours toward 24/7/365 central bank money settlement in 2028, alongside a fixed T+1 migration date of 11 October 2027 that their post-trade teams must meet first.

Editorial analysis based on the facts above and the sources below; not legal or investment advice.

What remains uncertain

  • No exact dates are given for the extended Pontes hours (by mid-2027), the 24/7/365 move (in 2028) or immediate settlement finality on the Eurosystem DLT platform (as early as next year).
  • The Eurosystem is still assessing whether, how and under what criteria DLT-based assets outside currently eligible settlement systems could become eligible collateral.

Sources and evidence

Evidence types: how we classify sources.

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 61e462cccd9aa5c0… · fetched 2026-10-30 · Wayback Machine copy ↗
Source type
Primary European Central Bank ↗
Change log (7)
  1. 2026-10-31 Verify run + data (2026-10-31 afternoon deploy): verifiedAt refresh on all items, verify snapshots, tracker source verifiedAt, history snapshot 2026-10-31, metr (59ae13f)
  2. 2026-10-31 Verify run + data (2026-10-31 morning deploy): verifiedAt refresh on all items (supersedes the uncommitted verifiedAt-only edits left by the failed 30 Oct night (41e27a5)
  3. 2026-10-30 Verify run + data (2026-10-30 evening deploy): verifiedAt refresh, verify snapshots, history snapshot 2026-10-30, metrics, stablecoins, W44 weekly refresh, gene (9a19611)
  4. 2026-10-30 Verify run + data (2026-10-30 afternoon deploy): verifiedAt refresh, verify snapshots, history snapshot 2026-10-30, metrics, stablecoins, W44 weekly refresh, ge (65f7ccc)
  5. 2026-10-30 Verify run + data (2026-10-30 audio deploy): verifiedAt refresh, verify snapshots, history snapshot 2026-10-30, metrics, stablecoins, monthly report PDF (3e7b364)
  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)

Full evidence record · How we label confidence

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

Weekly briefThis item is in The Weekly Brief Nº 3 (2026-W44) — this week’s issue, still open.

Related