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ECB Advocates for Unified European Digital Asset Market Through Tokenization
ECB Advocates for Unified European Digital Asset Market Through Tokenization
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BTCCSquare news:
The European Central Bank (ECB) is pushing beyond the digital euro, envisioning a continent-wide digital asset market built on tokenization. Executive Board Member Piero Cipollone called tokenization a "rare opportunity" to create an integrated European digital capital markets union. The MOVE aims to address fragmentation in post-trade infrastructure and reduce settlement costs that currently lag behind North America.
Tokenization could merge issuance, trading, and settlement into a single digital environment, creating more efficient markets. The ECB emphasizes the need for European-controlled systems rather than relying on foreign infrastructure. This strategic push comes as global competition in digital assets intensifies.
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