Mersch sets out broad questions around distributed ledgers
ECB publishes paper on their application in post-trade market for securities
Moving the Eurosystem's market infrastructure onto a distributed ledger would involve issues that stretched beyond the technical capability of the technology, Yves Mersch warned on April 25.
The real-time gross settlement system Target2 enables transactions to be settled in central bank money. Incorporating this onto a distributed ledger would raise questions, he said.
"This may have implications on the central bank functions that go beyond the operational and technical sphere," Mersch, a
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