The European Central Bank has unveiled two major initiatives aimed at overhauling Europe’s financial systems using blockchain technology.
The programs—“Pontes” and “Appia”—target different timeframes but share a common goal: integrating distributed ledger technology (DLT) into the core of payment and settlement infrastructure.
Pontes is focused on bridging blockchain platforms with the ECB’s existing payment network, TARGET. Its pilot phase is set to begin in late 2026, giving financial institutions time to align their systems. Meanwhile, Appia looks further ahead, laying the groundwork for broader digital currency applications and global interoperability.
Both programs stem from research the ECB conducted in 2024 on using DLT to settle wholesale central bank money. The findings revealed tangible benefits such as faster transactions, cost reductions, and lower credit risks.
The ECB emphasized that these changes are designed to foster innovation without sacrificing financial stability. If successful, this strategy could encourage other central banks to adopt similar technology, reinforcing Europe’s position as a leader in blockchain integration.
With a clear roadmap and commitment to gradual implementation, the ECB aims to reshape how money moves across Europe, while addressing long-standing inefficiencies and environmental concerns in traditional systems.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/ecb-unveils-blockchain-strategy-to-reshape-europes-financial-system/