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ECB approves Pontes pilot scheme to support central bank money settlement for tokenized assets, launching on September 21.
The Governing Council of the European Central Bank (ECB) approved the initial launch protocol for Pontes on August 11. The scheme aims to enable wholesale transactions of tokenized assets to be settled using central bank money. The Market Infrastructure Committee recommended on September 11 that Pontes be launched as planned on September 21.
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