Wholesale Digital Ledger Technology (DLT) trial results to be evaluated by the Eurosystem in January

Eurosystem to confer with wholesale DLT settlement trial participants in January, aiming to determine future actions

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2025 September 14 . 10:55 AM

1 min read

Eurosystem Evaluating Results of Wholesale Distributed Ledger Technology (DLT) Settlement Trial in... — Eurosystem Evaluating Results of Wholesale Distributed Ledger Technology (DLT) Settlement Trial in January

Wholesale Digital Ledger Technology (DLT) trial results to be evaluated by the Eurosystem in January

The Eurosystem, comprising various euro area central banks and selected financial market infrastructures and banks, recently concluded its wholesale DLT settlement trials using central bank money last month. Despite the conclusion, some participants have expressed hope for an extension to maintain momentum.

More than 200 transactions with a total value of €1.59 billion were conducted during the trials, involving 64 institutions across over 40 trials and experiments. The trials, which involved real money, were a significant step towards exploring the potential of DLT in central bank operations.

However, the Eurosystem trials did not continue beyond last month, and the European Central Bank (ECB) will discuss the lessons learned from these trials with participants in January. The ECB will also consider the next steps following the conclusion of the trials.

Meanwhile, Switzerland's CBDC pilot, which was initially scheduled to end, has been extended by two years. The pilot will run for an extended period of two additional years, providing valuable insights into the practical application of CBDCs in a real-world setting.

As the trials and pilots come to a close, both the Eurosystem and Switzerland are poised to learn valuable lessons that could shape the future of central bank digital currencies. The insights gained from these trials will undoubtedly contribute to the ongoing global conversation about the role of DLT and CBDCs in the financial sector.

Stay tuned for updates as the ECB and the participating institutions discuss the lessons learned from the trials and consider the next steps in the journey towards a more digitised financial future.