European Central Bank Approves Research Activities on Distributed Ledger Settlement

The Governing Council of the European Central Bank (ECB) has approved support for research activities on distributed ledger technology (DLT) transaction settlement.

According to a report by CoinDesk on the 2nd (local time), the Governing Council of the European Central Bank emphasized, "This research approval demonstrates our intention to support innovation without compromising the safety and efficiency of the financial market infrastructure."

This research aims to guarantee the flow of cash and securities across Europe by connecting distributed ledger technology platforms with the Eurosystem's TARGET service, and plans to promote global operations and analyze DLT-based systems through long-term solutions.