The European Central Bank published its 33rd Macroprudential Bulletin today, devoted entirely to digital innovation in financial markets. Across five articles, ECB researchers examine how tokenization and distributed ledger technology (DLT) are shifting from proof-of-concept pilots toward early-scale deployment in Europe, and what that transition means for capital market efficiency, investor access, and financial stability.

In a macroprudential report released on April 13, the ECB explained that Distributed Ledger Technology (DLT) could help strengthen savings and ...

In May 2025 HSBC launched its Tokenized Deposit Service (TDS) on its private blockchain, HSBC Orion, which uses Canton distributed ledger technology (DLT). Now the most internationally active systemically important bank (G-SIB) has completed a simulated pilot of tokenized deposits on the public Canton Network, marking the first time TDS was issued on a public

It is 10 years since the ASX board of directors gave its approval to replace the CHESS clearing and settlement system with a distributed ledger technology (DLT) platform that would have put Australia’s equity capital markets operator at the forefront of innovation. The board was persuaded by then CEO Elmer Funke Kupper’s argument that DLT