European Central Bank Executive Board member Isabel Schnabel said central bank money needs to be available on-chain, warning that tokenized markets could otherwise rely more heavily on privately issued settlement assets or assets denominated in foreign currencies. CoinDesk, citing her view, said the absence of on-chain central bank money would push settlement in tokenized markets toward private or foreign-currency assets. Schnabel said bringing central bank money on-chain would help preserve the role of public money as the settlement anchor in a tokenized environment. The remarks focus on how settlement infrastructure may evolve as tokenization expands and on the role central bank money could continue to play in that process.
European Central Bank Executive Board member Isabel Schnabel said central bank money must move on-chain, or tokenized markets will increasingly depend on privately issued settlement assets or assets denominated in foreign currencies.
CoinDesk, citing her view, said that without on-chain central bank money, settlement in tokenized markets would shift more toward private assets or foreign-currency assets.
Schnabel said putting central bank money on-chain would help maintain the role of public money as the settlement anchor in a tokenized environment.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
