The European Central Bank releases the Appia roadmap to advance tokenized financial markets based on central bank currency

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Odaily Planet Daily News: The European Central Bank released the Appia roadmap on Wednesday, outlining a long-term development plan for a euro-based tokenized wholesale financial market using central bank digital currency. The roadmap focuses on two related initiatives: Pontes, a distributed ledger technology settlement solution for the euro system, and Appia, a comprehensive strategic framework for building the future tokenized financial ecosystem. Pontes is scheduled to launch in Q3 2026.

Piero Cipollone, a member of the European Central Bank Executive Board, stated that Appia aims to build a pathway from the current financial system to the future tokenized market, with central bank currency as a solid foundation.

Pontes plans to connect the market’s distributed ledger infrastructure with the euro system TARGET services by the end of Q3 2026. TARGET services are the payment and settlement systems operated by the euro system, including the large-value payment system TARGET2, the securities settlement system T2S, and the instant payment system TIPS.

The European Central Bank is also opening a public consultation, inviting feedback from public and private sector participants on the roadmap or proposals for participation in its implementation. The feedback deadline is April 22.

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