Next-day securities settlement, tokenisation and the transformation of Europe’s financial infrastructure
Keynote address by Piero Cipollone, Member of the Executive Board of the ECB, at an EU T+1 Industry Committee event on “One year to T+1” Frankfurt am Main, 29 October 2026 We are approaching an important milestone.[1] Less than a year from now, on 11 October 2027, Europe will move to T+1 settlement. This means
