The European Central Bank has outlined three models for bringing central bank money on-chain: direct issuance, a bridging mechanism, and an approach that relies on private intermediaries. According to the brief, these structures are designed to let central bank money support settlement on distributed ledger technology networks. The proposed use cases cover transactions involving tokenized securities, bank deposits, and stablecoins. The update focuses on settlement design rather than a single implementation path, laying out multiple ways central bank money could interact with blockchain-based financial infrastructure.
The European Central Bank has put forward three ways to get central bank money on-chain: direct issuance, a bridging mechanism, and a setup run through private intermediaries.
In the brief, the bank says these models would let central bank money back settlement on distributed ledger technology networks for deals involving tokenized securities, bank deposits, and stablecoins.
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