ECB Taps COTI Network for Digital Euro Sandbox Testing
12
1
The European Central Bank has enlisted COTI Network among select private-sector partners to explore technical solutions for a potential digital euro. The move signals escalating CBDC experimentation among major economies.
COTI’s selection follows its prior collaboration with Israel’s central bank on digital currency research. The network will participate in an ECB sandbox analyzing infrastructure requirements and use cases for a centralized European CBDC.
This development coincides with growing institutional cryptocurrency adoption, though the ECB emphasized its exploration remains in preliminary stages. market observers note such public-private partnerships increasingly bridge traditional finance and blockchain innovation.
By:
Previous
Warren Buffett’s Exit Plan: Scaramucci Reveals Key Takeaways from Berkshire Hathaway Meeting
Next
SEC Commissioner Foresees Tokenization Reshaping Financial Markets
