Eurosystem report on the public consultation on the Appia Roadmap
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The Eurosystem publishes the findings of the consultation on Appia, its project for a European tokenised finance ecosystem anchored in central bank money. The 127 responses broadly support the roadmap and a public-private partnership model, although there is no consensus on the architecture.
Key points
- Broad support for central bank money as the anchor and for strategic autonomy, without isolation from global interoperability
- Open debate between a single network, a multi-network ecosystem or a limited number of eligible networks
- Priority on standardisation and interoperability between DLT and existing infrastructures
- The Appia Contact Group has been working since September 2026
Who is affected
Market infrastructures, banks, technology providers and issuers of tokenised assets
Deadlines
Cross-cutting testing in 2027 and the Appia blueprint in 2028
Plain-language version
The Eurosystem, made up of the ECB and the euro countries' central banks, has published what 127 respondents said about Appia, its plan for a European market in tokenised assets (shares or bonds in digital form) paid for with central bank money. Most support it, but there is no agreement on how to build it technically. Tests will run in 2027 and the detailed plan is due in 2028.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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