ECB's Cipollone: Eurosystem Now Accepts DLT-Issued Assets as Collateral, Moving from Vision to Delivery in Tokenised Market Building
European Central Bank (ECB) Executive Board member Piero Cipollone stated that the ECB has begun accepting marketable assets issued via distributed ledger technology (DLT)-based services as eligible Eurosystem collateral since March. Speaking at a symposium, Cipollone highlighted the progress made through the ECB's Pontes and Appia projects, aiming to build an integrated and dynamic European ecosystem for digital assets with central bank money at its core. He noted that worldwide tokenised traditional assets on public blockchains increased roughly fivefold between March 2025 and March 2026, with a private platform in the United States processing an average of USD 354 billion in tokenised repo transactions daily in March 2026.
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