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RWA Regulation

ECB Outlines Three Models for Putting Central Bank Money Onchain

The European Central Bank outlined three models for bringing central bank money onchain, as financial institutions explore settlement infrastructure. The ECB detailed the models amid ongoing industry efforts to build tokenized settlement systems. No timeline or decision on which model would be adopted was stated.

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AI take

The significance is less in the models themselves than in the ECB formally treating onchain settlement as a design question rather than a hypothetical, which gives tokenized-asset venues a credible path to central bank money instead of stablecoin workarounds. The absence of a timeline or chosen model is the real signal: this is groundwork, not a launch, and it leaves commercial-bank and market-infrastructure providers guessing which architecture to build toward. Whether the ECB narrows to a single model, or lets institutions converge on one first, is the open question.

Generated by AI for reference only.

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