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ECB opens blockchain link to financial markets

FRANKFURT, Sept 21 (Reuters) - The European ⁠Central Bank launched a new service on Monday linking its payment ⁠system to blockchain-based financial markets and said it would invest ‌some of its own money in digital securities.

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欧洲央行开放区块链与金融市场连接

FILE PHOTO: Dark clouds are seen over the building of the European Central Bank (ECB) in Frankfurt, Germany, June 6, 2024. REUTERS/Wolfgang Rattay/File Photo

FRANKFURT, Sept 21 (Reuters) - The European ⁠Central Bank launched a new service on Monday linking its payment ⁠system to blockchain-based financial markets and said it would invest ‌some of its own money in digital securities.

The moves reflect a broader effort by central banks to adapt to the growing use of blockchain in finance, whereby assets are issued and ​traded using shared digital ledgers instead of traditional ⁠infrastructure.

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