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Tokenisation of financial instruments and central bank money settlement
Central bank money at the core of the financial system: A financial market infrastructure should conduct its money settlements in central bank money where practical and available. Central bank money settlement: • Reduces risk. • Establishes trust. • Safeguards financial stability. Central banks must stay at the forefront of technology: Ensuring that central bank money remains an attractive means of settlement… For retail payments -> digital euro. For wholesale solutions for settling transactions -> financial transactions recorded on DLT platforms. Retail and wholesale complement each other. Retail ... (full story)