The European Central Bank announced a comprehensive payments strategy that includes a digital euro, tokenised settlement assets, and cross‑border payment integration. The digital euro will be piloted in mid‑2027, with full issuance expected in 2029. It will have no interest, limited holdings, and legal‑tender status, allowing consumers and businesses to use central‑bank money digitally throughout the euro area. In wholesale markets, the ECB will connect distributed‑ledger platforms to its TARGET system so tokenised assets can settle in central‑bank money from the third quarter of 2026, with a 2028 roadmap for full integration. For cross‑border payments, the ECB is interlinking fast‑payment networks, such as TIPS, with other national systems to cut costs and speed transfers while preserving monetary sovereignty.
© European Central Bank, 2025.
Summary derived from the ECB website (https://www.ecb.europa.eu ).
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