Banks should settle tokenized securities in central bank money instead of stablecoins

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Moving stocks, bonds, and other securities onto blockchains as tokenized assets, and the debates over investor protection, trading hours, and settlement.

Using crypto and stablecoins to pay for things, from payment cards and merchant checkout to payroll, remittances and cross-border settlement.

The process by which traditional financial institutions, corporations, and governments integrate blockchain and crypto technologies.

The Eurosystem launched Pontes on September 21, 2026 to settle wholesale tokenized-asset transactions in central bank money. Thirteen market participants and four distributed-ledger operators had completed initial onboarding.