Shinabel: Blockchain Maintains ECB Role

Isabel Schnabel, a member of the Executive Board of the European Central Bank, announced that adopting blockchain technology is essential for central banks to maintain their role in the European monetary system. She pointed out that embracing this technology allows banks to manage liquidity flexibly and implement monetary policies swiftly through transaction programming networks, while also strengthening the position of bank-issued funds amid the rising popularity of stablecoins and digital assets. She also confirmed that the bank is currently working on projects to integrate blockchain into payment systems, such as the Pontis project, aimed at developing a European market for tokenized assets, in response to the increasing global trend toward integrating technology into trading and settlement processes.

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