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Mar 11, 2026
adavies@vixio.com
European Union
European Central Bank
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1734 charsEuropean Central Bank Launches Public Consultation on Appia Tokenisation and Distributed Ledger Technology Project
On an unspecified date, the Eurosystem launched a public consultation on the Appia project, which aims to develop a future-ready, integrated financial ecosystem leveraging tokenisation and distributed ledger technology (DLT).
The consultation invites public and private sector stakeholders to provide feedback on the approach outlined in the publication "Appia – paving the way for a future-ready, integrated financial ecosystem leveraging tokenisation and DLT". Stakeholders are also invited to express their interest in actively participating in analytical and practical work by submitting proposals for specific potential collaboration opportunities. The Eurosystem reserves the right to determine which proposals to pursue and how to proceed with any collaborative work.
The consultation seeks to engage the financial sector and broader economy on the Eurosystem's strategic approach to tokenisation and DLT integration, addressing how these technologies can enhance the financial ecosystem's efficiency, resilience, and future readiness. This initiative reflects growing recognition among central banks of the potential for distributed ledger technologies to modernise financial infrastructure and settlement systems.
Responses must be submitted via the dedicated online survey platform by 22:00 CET on 22 April 2026. The Eurosystem will only accept responses submitted through this platform. Following the consultation period, the Eurosystem will consider and publish feedback received, with an overview of consultation questions and submission guidance available on the Eurosystem's website.
REFERENCES:
European Central Bank. Public consultation on the Eurosystem's Appia project. Available at: https://www.ecb.europa.eu/
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1458 charsEuropean Central Bank Launches Consultation on Appia Tokenisation and Distributed Ledger Technology Project
On March 11, 2026, the European Central Bank (ECB) launched a consultation on the Eurosystem’s Appia project , a strategy to provide central bank money within innovative, tokenised wholesale financial markets that leverage technologies such as distributed ledger technology (DLT).
As explained by the ECB, Appia has the following objectives:
To ensure the effectiveness of monetary policy and financial stability and the smooth functioning of payment systems by maintaining central bank money as the anchor of a two-tier monetary system.
To foster a more integrated, competitive and innovative payments and securities ecosystem through efficient infrastructures for financial markets.
To support strategic autonomy and increased resilience.
To ensure the relevance of the euro as an international currency.
The consultation on Appia is divided into two parts:
Part 1 includes questions to collect comments on specific chapters of the Appia roadmap.
Part 2 allows respondents to express their interest in actively contributing to the work and to submit their proposal for consideration by the Eurosystem. The proposals submitted are intended solely to inform the Eurosystem of specific potential opportunities for collaborative work; the Eurosystem reserves the right to determine the type of work it wishes to pursue and how it will proceed.
The ECB is seeking feedback on its consultation by April 22, 2026, which may be submitted via this survey .