meta_id 3263786

On June 23, 2026, Sweden's Central Bank (Riksbank) announced it has decided to enter into contract negotiations with the Eurosystem regarding the use of the T2S platform for the settlement of securities denominated in Swedish kronor. Euroclear Sweden AB, the Swedish securities central depository, will also initiate contract negotiations with the Eurosystem and conduct preparatory work ahead of the transition to T2S. The Riksbank made a strategic decision in 2021 to migrate to the Eurosystem's securities settlement platform. The migration aims to align Swedish securities settlement with harmonised technical solutions and standardised processes across the European Union, creating more uniform flows for participating markets. T2S is the Eurosystem's technical platform for securities settlement and has been operational since 2015, currently used by 24 connected securities central depositories from 23 countries. Presently, securities are settled in either euros or Danish kronor on T2S, though the platform is designed to accommodate additional currencies. Christina Wejshammar, chief of the Payments Department at the Riksbank, said the T2S platform represents the most appropriate way to ensure the Swedish securities market remains harmonised with the rest of Europe over time. The platform facilitates operations for banks and other market participants active across multiple markets and maintains high levels of cybersecurity and operational redundancy. The transition to the T2S platform is planned for completion in September 2030 and will be conducted in collaboration with Euroclear Sweden AB. The Riksbank has published a decision document and an in-depth analysis of the T2S platform to support this migration.