Axiology joins Pontes as Eurosystem brings central bank money to digital markets

The Eurosystem's Pontes service went live, letting transactions in Europe's digital capital markets settle in central bank money for the first time. Four market infrastructures joined the initial launch: Clearstream, SWIAT, Cashlink and Lithuania-based Axiology. The service bridges DLT platforms for digital securities with TARGET Services for the cash leg.

• Pontes links DLT platforms to TARGET for central bank money settlement
• Initial participants include Clearstream, SWIAT, Cashlink and Axiology
• Axiology holds an EU DLT Trading and Settlement System designation
• It tested the Bundesbank trigger solution from spring 2024